Seasonal jump in housing interest reverses
A larger share of sellers were optimistic in May, but the percentage of enthusiastic buyers fell, according to Fannie Mae's Home Purchase Sentiment Index.
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A larger share of sellers were optimistic in May, but the percentage of enthusiastic buyers fell, according to Fannie Mae's Home Purchase Sentiment Index.
Consumers' hesitancy toward home buying persists amid affordability squeeze
WASHINGTON, DC - The Fannie Mae Home Purchase Sentiment Index® decreased in May by 1.2 points to 65.6, as affordability constraints continue to color consumers' perceptions of... | June 7, 2023
Consumers are still wary about buying a home with factors such as high mortgage rates and job concerns weighing into their decision.
High home prices and mortgage rates are continuing to constrain affordability in housing markets nationwide, impacting consumer perceptions.