What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

MortgageReal Estate

ItÕ official: Fannie Mae survey shows itÕ a sellerÕ market

Housing sentiment drops slightly in May

The Fannie Mae Home Purchase Sentiment Index decreased slightly as consumers express diverging opinions on home buying and selling in May.

The sentiment index decreased 0.5 percentage points from April to 86.2 in May. This decrease is due to a drop in three of the six HPI components, which outweighed the increases in the other three components.

The share of Americans who said now is a good time to buy a home dropped to a record low of 27% after falling eight percentage points in May. And the share of those who reported now is a good time to sell reached a record high, increasing six percentage points to 32%.

This is the second time in the survey’s history that the net share of those saying it’s a good time to sell surpassed those saying it’s a good time to buy.

“High home prices have led many consumers to give us the first clear indication we’ve seen in the National Housing Survey’s seven-year history that they think it’s now a seller’s market,” said Doug Duncan, Fannie Mae senior vice president and chief economist.

“However, we continue to see a lack of housing supply as many potential sellers are unwilling or unable to put their homes on the market, perhaps due in part to concerns over finding an affordable replacement home,” Duncan said. “Prospective homebuyers are likely to face continued home price increases as long as housing supply remains tight.”

Americans expressed greater belief that mortgage rates will drop over the next 12 months as that component increased five percentage points. The share of consumers who think home prices will increase dropped five percentage points this month to 40%.

Most Popular Articles

FHFA extends forbearance period to 18 months

In an effort to protect homeowners, the FHFA extended forbearance coverage to 18 months and pushed the eviction and foreclosure moratorium to June 30.

Feb 25, 2021 By

Latest Articles

How lenders can prepare for growing fraud threats

HousingWire recently spoke with Jeffrey Morelli, general manager at Truework, about what lenders can do to prepare for and overcome the growing threat of fraud and data inaccuracy.

Feb 26, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please