Fannie Mae’s newest Home Purchase Sentiment Index report shows overall consumer confidence back to where it was in February. More people are bullish on buying and more feel safer in their jobs. And more than ever, survey respondents feel better about getting a mortgage today.
Read More »Americans Not Optimistic About Their Debts
A new study from Northwestern Mutual paints a dim view of American debt. While mortgages make up the largest share of monthly debts, credit cards and student expenses aren’t far behind. And plenty of Americans expect long-term debt in their futures.
Read More »Fannie Reports Large Drop in Income in Q1
Fannie Mae’s first quarter net income was down sharply from that in Q4. Gains in risk management derivatives were overshadowed by smaller increases in interest rates and less income from fees. Lower refinancing activity also contributed to the smaller bottom line.
Read More »Confidence in Housing Steady, but Shaking
Americans by and large are confident in the housing market. But a new survey by ValueInsured shows some fissures in the foundation. Slowly and quietly, more Americans are having their doubts about buying a home this year.
Read More »Home Prices March Ever Higher
Markets in the West led national housing price gains over the year. CoreLogic’s latest Home Price Index shows that March prices rose steadily from February and sharply from a year ago. And prices should keep rising through the next 12 months.
Read More »Seller Confidence Gets a Boost
A solid March selling season has left sellers feeling pretty confident. A new report by Redfin finds sellers increasingly see themselves with more leverage in a sale. But not everyone thinks the tactics sellers are using are the smartest ones.
Read More »Tight Inventory Disrupts Pending Sales
Tight inventory and stiff competition for homes proved disruptive to pending sales in March, according to a new report by the National Association of Realtors. Pending sales activity dropped by nearly a percent since February. But overall activity is still soaring, and in most markets is up from where it was a year ago. Which might or might not be a good thing.
Read More »Buyers Looking to Leave Expensive Metros
A new report by Redfin shows a sizeable number of people in expensive coastal cities want to move to more affordable cities. And while California is losing more people than any other state, Florida seems to be gaining in domestic expats. Meanwhile, buyers in Chicago don’t seem eager to leave the city.
Read More »March Sales Soared. But Is It Sustainable?
Existing home sales in March took off at a pace not seen in a decade. But while that sounds like good news, not everyone thinks March’s uptick is a sign of great growth. The rub: Inventory is still low.
Read More »Are Home Prices Sustainable? Maybe Not Everywhere
Home prices have growth so fast in one particular area that homes there may be considered overvalued, according to Fitch Ratings.
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