Could the Housing Inventory Shortage be Causing Compliance Concerns?

Join DataVerify and industry experts for a conversation about how the current housing inventory shortage could cause compliance concerns now and in the future.

Side’s Spencer Krull on brokerages, Los Angeles real estate

During this episode of HousingWire Daily, we pressed Spencer Krull on the modern-day purpose and economic viability of a brokerage, and what Side’s distinctive model specifically offers.

eXp CEO loves Glenn Stearns’ star power

Residential real estate brokerage eXp continues to be profitable, and company CEO Glenn Sanford became a fan of Glenn Stearns through reality television. HW+ Premium Content.

Why female leadership is crucial to the mortgage industry

HousingWire recently spoke with Keri Stichler about why female leadership is crucial in the mortgage industry and how companies can advocate for inclusivity.

Real Estate

More Americans than ever say now is good time to sell their home

Housing sentiment matches previous high

Americans are more confident about housing in June as sentiment levels returned to the previous high.

The Fannie Mae Home Purchase Sentiment index increased 2.1 percentage points to 88.3 in June, matching the all-time high set in February. The increase is due to four of the six HPSI components which increased during the month.

“The June HPSI reading matches the previous record set in February and reflects the trend toward a sellers’ market that respondents indicated last month,” said Doug Duncan, Fannie Mae senior vice president and chief economist. “Consumers are also growing more optimistic about their ability to get a mortgage, and lenders expect credit standards to ease further going forward, as shown in our Mortgage Lender Sentiment Survey.”

“While consumer optimism on this metric is as high as we’ve seen in the survey’s seven-year history, it’s worth noting that this record is relative to the fairly tight standards in place post-crisis when we started collecting National Housing Survey data,” Duncan said. “Nevertheless, in the face of very tight housing supply, easing credit standards may fail to have the desired effect and could have the unintended consequence of fueling further house price increases.”

The number of Americans who said now is a good time to sell hit a new record high for the second consecutive month as it increased seven percentage points to 39%. This outpaced the three percentage-point increase of those who said now is a good time to buy, which increased to 30%.

Once again, the gap between those saying now is a good time to sell and those saying it is a good time to buy widened once again as the housing scene continues to shift to a seller’s market.

The number of Americans who said mortgage rates will drop over the next 12 months increased three percentage points to -49%. However, the share of consumers who say home prices will go up increased by six percentage points to 46%.

But the index did see a decrease in two of its components. The share of Americans who are not concerned about losing their job dropped five percentage points to 66% in June, while those who said their household income is significantly higher than it was 12 months ago dropped one percentage point to 17% in June.

Most Popular Articles

Home prices are still rising, but relief for buyers is coming

Domestic home prices increased 2.3% from May to June, and 17.2% year-over-year, per CoreLogic. Twin Falls, Idaho had the highest annual increase at 40.2%.

Aug 03, 2021 By

Latest Articles

Senate grills Biden’s housing nominees over tweets

Senate Republicans today grilled three of President Joe Biden’s nominees for positions at the U.S. Department of Housing and Urban Development over their past comments in support of defunding the police

Aug 05, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please