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Consumer Confidence in Housing Hits New All-Time Low
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The Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased 4.1 points in October to 56.7, its eighth consecutive monthly decline and lowest reading since the inception of the index in 2011. Year over year, the full index is down 18.8 points...
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If you have an appraisal gap when the home you buy is valued, there is a difference between the amount you have offered for the home and the value determined by the appraiser. An appraisal gap is not unusual when prices rise faster than comparable sales. When buying a home, this can be a severe issue...
