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  • FHA: No PLF changes for reverse mortgages

    The Federal Housing Administration released its 2018 Report to Congress on Thursday, revealing that the HECM program continues to be a drain on its flagship Mutual Mortgage Insurance Fund to the tune of $13.63 billion in the last fiscal year. But FHA Commissioner Brian Montgomery said the program is benefiting from policy changes made last year, and that the agency remains "optimistic that the quality of the book will continue to improve." Click the headline to read more.

Items Tagged with 'Home Purchase Sentiment Index'

ARTICLES

  • This is how much purchasing power homebuyers lost this year

    Rising interest rates and mortgage payments could turn potential buyers away
    Home price growth and rate hikes have contributed to an uptick in monthly mortgage payments nationwide, leaving many prospective homebuyers speculating when it will be the right time to purchase a home. According to data collected from Redfin, purchasing power has dropped $29,750 in 2018.
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  • Fannie Mae: Homebuyer sentiment falls slightly in September

    The HPSI decreases 0.3 percentage points to 87.7
    Mortgage rates and household income contributed to a slight decrease in homebuyer sentiment, according to the latest data from by Fannie Mae’s Home Purchase Sentiment Index. Fannie Mae Senior Vice President and Chief Economist Doug Duncan said perceptions of high home prices and expectations for rising mortgage rates continue to weigh on potential homebuyers.
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  • Fannie Mae: Confidence in housing falls in February

    Reverses last month’s increase
    Americans’ confidence in housing fell slightly in February, reversing gains from the previous month, according to Fannie Mae. But while it reported an increase in job insecurity, an increased share also said their incomes are significantly higher than this time last year.
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  • Americans gain confidence in housing as home prices rise

    Increasing share saying now is a good time to buy
    Fannie Mae’s latest survey shows Americans continue to gain confidence in the housing market, not just despite, but even because of rising home prices. Over the past year, home prices have continued to rise, threatening affordability, and housing inventory is falling dangerously low. However, despite these setbacks, Americans continue to hold a positive view of the housing economy.
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  • Americans less confident in housing market as 2017 closes

    Those expecting rental price increases reaches record high
    Americans began to feel less confident in the housing economy as 2017 came to a close, reversing the increase in optimism from the previous month. Fannie Mae’s survey shows that as 2018 begins, the number of those expecting increases in rental prices hit an all-time high.
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  • Renters suddenly say now is great time to buy a home

    Less Americans expect to see home prices rise
    Renter’s shift to saying "now" is a good time to buy a home is a significant change from August, when Americans agreed it was the right time to sell, but not to buy. Not only did renters show a jump in confidence in the buyers’ market, but many Americans also think the days of rapidly increasing home prices may have reached an end.
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  • Americans agree: Time is right to sell, but not to buy

    Home prices created widening gap on buyer vs. seller market
    The gap in confidence continues to widen between the share of consumers who say now is a good time to buy and those that say now is a good time to sell. The net "good time to sell" share is now double the net "good time to buy" share, with record high percentages of consumers citing home prices as the primary reason for both perceptions.
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  • More Americans than ever say now is a bad time to buy a home

    Fannie Mae home purchase sentiment index falls from all-time high
    After hitting its all-time high in June, Fannie Mae’s Home Purchase Sentiment Index decreased in July as less Americans showed confidence in the housing market. Not only do they continue to say now is a bad time to buy a home, but now a higher share also answered that now is a bad time to sell.
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