According to Bank of America's latest Homebuyer Insights Report, the estimated number of prospective buyers willing to wait for prices and/or mortgage rates to fall before purchasing a home is down from a whopping 85% recorded in June.
Read More »Consumers Express Increasing Housing Market Frustrations
New findings from Fannie Mae’s HSPI revealed consumers are increasingly expressing “pessimism toward the larger economy this month, in addition to their ongoing frustration with the housing market,” said Doug Duncan, Fannie Mae Senior VP and Chief Economist.
Read More »Purchase-Mortgage Apps Dropped Below Pre-Pandemic Levels in October
As housing affordability and demand continue to worsen for Americans nationwide, the latest ICE Mortgage Monitor Report revealed that purchase-mortgage applications fell nearly 50% below pre-pandemic levels in October, representing the weakest numbers recorded since rates began to rise.
Read More »Nearly Half of All Americans Believe Now is a Bad Time to Buy
While about a third of Americans believe they’ll never be able to afford their dream home, a new survey from Bankrate revealed that almost 50% of respondents suggest that now isn't the best time to buy a home based on current market conditions. Click through to explore the latest on homebuyer sentiment.
Read More »Homebuyers Resort to Family Roommates, Sharing Childcare to Save Money
Potential homebuyers are now co-buying and living with relatives for longer periods of time, according to a new survey from Realtor.com. Meanwhile, proximity to family remained a leading factor in choosing a place to live as many cohabiting Americans seek relief from childcare and housing costs.
Read More »Housing Sentiment Declines Further as Mortgage Rates Remain Elevated
High mortgage rates have pushed consumer housing sentiment even lower, according to Fannie Mae's latest Home Purchase Sentiment Index, as more Americans are now pointing to mortgage rates rather than home prices as the primary obstacle to achieving housing affordability.
Read More »Housing Affordability Reaches Lowest Point in Over Three Decades
According to the First American Real House Price Index, housing affordability dropped to its lowest point in more than three decades, with home prices jumping 2% from June.
Read More »Amid Market Concern, First-Time Buyers Maintain Optimistic Outlook
As homebuyers' perception of the economy and affordability continue to worsen, nearly 40% of Americans planning to buy their first home in 2023 revealed now is a good time to buy, as many continue to search for homes and save for downpayments.
Read More »Study: Some Home Sellers Regret Pricing Homes Too Low
According to a new report from Zillow, some 39% of first-time home sellers wish they had set a higher list price, as 9 in 10 first-time sellers think they could have gotten a higher price by making different choices.
Read More »Mortgage Rates Continue Largest Decline Since 2008
Mortgage rates fell for the fourth consecutive week, and with lingering concerns over less-than-stellar economic growth, overall homebuyer sentiment continues to lag.
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