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Americans’ confidence in housing market reaches record low

Summary by Ground News

Only 16 percent of buyers in October said they thought that now is a good time to buy a home, Fannie Mae’s monthly Home Purchase Sentiment Index revealed. This marks a new low since the index started in 2011. Average long-term U.S. mortgage rates jumped again this week, Thursday, Sept. 8, 2022, to their highest level in almost 14 years.

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The Epoch Times

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Consumer Confidence in US Housing Market Plunges to Record Low, Says Fannie Mae

Consumer confidence in the American housing market plunged to record low last month, according to a new survey. Growing mortgage rates, higher home prices, and economic instability have led to increased pessimism in the housing market nationwide. Only 16 percent of consumers surveyed said that they would consider buying a home in October, according to Fannie Mae’s monthly Home Purchase Sentiment Index® (HPSI). The index fell 4.1 points in Octobe…

2 years ago·New York, United States

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Anadolu Ajansı

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Consumer confidence in US housing market hits new all-time low

Only 16% of Americans think now is a good time to buy home – a new survey low, according to Fannie Mae survey - Anadolu Agency

2 years ago·Ankara, Türkiye

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New York Post

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Confidence in US housing market hits lowest on record: Fannie Mae

Consumer confidence in the US housing market has plunged to its lowest level on record as steep mortgage rates crush demand, according to findings released by Fannie Mae on Monday.

2 years ago·New York, United States

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The Hill

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Americans’ confidence in housing market reaches record low

Consumer confidence in the housing market hit a new low last month as persistently high home prices and rising mortgage rates continued to cool the once hot housing market, according to data released Monday. Only sixteen percent of buyers in October said they thought that now is a good time to buy a home, Fannie…

2 years ago·Washington, United States

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CNBC

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Consumer confidence in the housing market hits a new low, according to Fannie Mae

Rising mortgage rates, high home prices and uncertainty in the overall economy have Americans feeling more pessimistic about the state of the housing market.

2 years ago·United States

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