RISMedia

Confidence in Housing Soars

By RISMedia Staff

Amid encouraging indicators in the labor market and mortgage rates, Americans' confidence in housing is up, according to the Fannie Mae Home Purchase Sentiment Index® (HPSI), recently released. In July, the HPSI surged to 93.7—a new record. Additionally, the amount of buyers confident in their housing prospects rose, as well as the amount of sellers.
 
"Consumer job confidence and favorable mortgage rate expectations lifted the HPSI to a new survey high in July, despite ongoing housing supply and affordability challenges," Doug Duncan, senior vice president and chief economist at Fannie Mae, says. "Consumers appear to have shaken off a winter slump in sentiment amid strong income gains. Therefore, sentiment is positioned to take advantage of any supply that comes to market, particularly in the affordable category.
 
"However, recent financial market events following when the survey data were collected could weigh on consumer views looking ahead," cautions Duncan.
 
Source: Fannie Mae


Today's Top Stories
Existing-Home Sales Move Higher
State of the Market: A Mid-year Snapshot
Spotlight: The World's First Complete Real Estate System: Sellstate Realty
Justin Timberlake's NSYNC Era Estate Switches Hands
Where's Housing Headed? A Google City, Maybe
This New Twitter Change Will Boost Your Media-Savvy Efforts
RELO Direct Welcomes New SVP of Sales and Marketing
Engel & V lkers Officially Launches Richmond Brokerage with Grand Opening Event
Alameda County's Better Homes Realty Premier Affiliates with Century 21 Real Estate LLC
5 Secret Strategies to WOW the Seller and Win the Listing Every Time
Brought to you by Real Estate News © Copyright 2025, All Rights Reserved.