Confidence in Housing at New Record

Confidence in housing is at a new record, with the Fannie Mae Home Purchase Sentiment Index® (HPSI) outdoing its past peak. The boost was ignited by optimism from sellers, who are benefitting from increasing prices. At 92.3, the Index rose 0.6 percentage points month-over-month and 6.1 points year-over-year. “The HPSI edged up to another survey […]

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Confidence in Housing at New Record

Confidence in housing is at a new record, with the Fannie Mae Home Purchase Sentiment Index® (HPSI) outdoing its past peak. The boost was ignited by optimism from sellers, who are benefitting from increasing prices. At 92.3, the Index rose 0.6 percentage points month-over-month and 6.1 points year-over-year. “The HPSI edged up to another survey […]

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For Buyers, Credit Matters—but How Much?

Borrowers not as creditworthy as others often have higher mortgage payments; in fact, according to an analysis recently released by Zillow, the average borrower categorized with credit as “fair” can be on the hook for $21,000 more than a borrower with an “excellent” score. Here’s how: Borrower A has a credit score that’s stellar (“excellent”), […]

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Home-Buying Millennials Face Fresh Set of Struggles

Across ages, buyers are contending with a frenzied market—but for millennials, the challenges are different than in generations past, according to a new report by Trulia. An astounding 98 percent of home-buying millennials surveyed for the report are being kept out of the market, with barriers including credit (cited by 26 percent of millennials), a […]

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Confidence in Housing at New Peak

Confidence in housing is at a new peak, with enthusiasm among sellers soaring, according to the April Fannie Mae Home Purchase Sentiment Index® (HPSI). At 91.7, the Index plowed through its previous record, climbing 3.4 percentage points month-over-month and five points year-over-year. “The latest HPSI reading edged up to a new survey high, showing that […]

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Confidence in Housing as an Investment Rises

With appreciation climbing and equity growing, homeownership is the investment to make—and according to new research, Americans believe it is a solid vehicle for wealth. Sixty-five percent of respondents to a survey by the Federal Reserve Bank of New York believe buying a home is a “somewhat good” or “very good” investment; less than 11 […]

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Are Buyers Stretched Too Thin?

With a nationwide inventory shortage, home prices are spiking, spurring bidding wars in tough-to-negotiate sellers’ markets—and yet, these conditions are not dissuading buyers from throwing their hat in the ring, even if that means stretching themselves thin to reach that homeownership goal. According to a CoreLogic study completed for The Wall Street Journal, around one […]

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Confidence in Housing Jumps at Spring’s Start

Confidence in housing jumped in March in the Fannie Mae Home Purchase Sentiment Index® (HPSI), with the HPSI overall posting 88.3, 2.5 percentage points higher than one month prior and 3.8 percentage points higher than one year prior. The boost was fueled by homebuyers preparing for real estate season this spring, says Doug Duncan, chief […]

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Affordability Challenged in Over Half of Markets: Report

Affordability is being crunched in 68 percent of, or 304 out of 446, counties in the U.S., according to ATTOM Data Solutions Q1 2018 U.S. Home Affordability Report. Buyers, in other words, are not earning enough to make monthly payments on a property. Analysts at ATTOM considered a 3 percent down payment and a 28 […]

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Buyer Preferences This Spring? Standard

With inventory lower-than-low and prices rising, the market is anything but ordinary this spring. Buyers, nonetheless, are opting for traditional, according to realtor.com®. The average buyer is on the hunt for a three-bedroom, two-bathroom home, complete with a garage and a kitchen that is updated, realtor.com research reveals. (More than one-quarter, or 27 percent, are […]

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