Tuesday, May 7, 2024 | The Latest Buzz for the Appraisal Industry

Consumer Express Pessimism on Homebuying with Higher Mortgage Rates

Fannie Mae’s Home Purchase Sentiment Index (HPSI) decreased by 2.1 points to 73.2 in March, as consumers continue to express pessimism regarding the trajectory of mortgage rates and homebuying conditions generally. Overall, four of the index’s six components decreased month over month, including the components asking consumers whether they expect mortgage rates to go up and whether they believe it’s a good time to buy a home.

In March, a survey-high 69% of respondents

This post was originally published on this site

Karen Connolly

Going to Extremes

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies

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