Home price growth hits another record, but slows overall
The monthly pace of increases have moderated since the spring, with CoreLogic expecting annual growth to decline to 2.5% by this time next year.
Source: nationalmortgagenews.com
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Economic Pessimism Increases While Housing Expectations Remain Flat
Consumers expressed their greatest economic pessimism in 10 years, while the The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 0.8 points to 74.7 in November. Overall, four of the index's six components decreased month-over-month.
Source: nationalmortgageprofessional.com
Economic Pessimism Hits 10-Year High, but Consumer Sentiment Toward Housing Remains Flat
/PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 0.8 points to 74.7 in November, as consumers expressed not only...
Source: prnewswire.com
Economic Pessimism Hits 10-Year High, but Consumer Sentiment Toward Housing Remains Flat
/PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 0.8 points to 74.7 in November, as consumers expressed not only...
Source: prnewswire.com
Fannie Mae: Closing Costs A Barrier For First-Time, Low-Income Borrowers
First-time homebuyers, and especially minority borrowers, face numerous obstacles to homeownership. A recent analysis by Fannie Mae has found another: closing costs. In its report, “Barriers to Entry: Closing Costs for First-Time and Low-Income Homebuyers,” Fannie Mae’s analysis of approximately 1.1 million home purchase loans acquired by the Enterprise in 2020, found that more than 14% of low-income first-time homebuyers had closing costs equal to or exceeding their down payment.
Source: nationalmortgageprofessional.com