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Homebuying Sentiment Turns Negative Despite Economic Improvement

Homebuying Sentiment Turns Negative Despite Economic Improvement May 9 2021, 5:11PM Fannie Mae has conducted the National Housing Survey every month since 2011. Among its most prominent questions are those relating to home buying and home selling: is it a good or a bad time to do either one? Last month the net positive responses for the good time to buy category fell into negative territory for the first time. The good time to sell question had plunged into seriously negative territory (-36 percent) in the spring of last year as the pandemic hit, but this time it remained well above water. Sixty-seven

Sellers Absolutely Have The Upper Hand In This Housing Market: Survey

Inman Connect Americans think it’s a much better time to be selling a home than trying to buy one, but don’t expect that sentiment to translate into a flood of listings anytime soon. That’s the takeaway from Fannie Mae’s latest survey of home purchase sentiment, which found that more people thought April was a bad time to buy a home than a good time the first time that’s happened in the 10 years the survey’s been conducted. The monthly survey of approximately 1,000 homeowners and renters also found most Americans expect mortgage rates will increase in the next 12 months, and that nearly half expect home prices will continue to rise. A  sizeable majority of Americans aren’t concerned about losing their jobs, however a positive for homebuying demand.

HPSI Dips as Consumers Pessimism Toward Homebuying Conditions Sets Survey Record

HPSI Dips as Consumers Pessimism Toward Homebuying Conditions Sets Survey Record Gap Between Homebuying and Home-Selling Sentiment Continues to Widen News provided by Share this article ® (HPSI) decreased in April by 2.7 points to 79.0. Four of the HPSI s six components decreased month over month, most notably the component related to home-buying conditions, which turned net negative for the first time in the survey s history. This decline was offset in part by consumers ongoing optimism toward home-selling conditions, which continued its significant rise from this time last year and has nearly returned to its pre-pandemic peak. Year over year, the HPSI is up 16.0 points.

Consumer home buying sentiment hits all-time low amid supply shortage

Consumer home buying sentiment hits all-time low amid supply shortage
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Ignore warnings about a potential housing bubble and consider these stocks with bright outlooks

Ignore warnings about a potential housing bubble and consider these stocks with bright outlooks MarketWatch 3 hrs ago © Getty Images People who know a thing or two about stock market bubbles are sounding the alarm about the housing sector. That sounds like bad news the last one caused the financial crisis. Take Kerry Killinger, former CEO of Washington Mutual Savings Bank. His bank was at the core of the 2007-2008 financial meltdown. So, his recent warnings of an emerging housing sector bubble should make you take notice. Other housing sector experts worry that rising mortgage rates will damage sector growth. If higher rates spark a slowdown, it’ll hurt everyone since home building is such a big driver in our economy.

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