Fannie Mae: Consumer Confidence Rises, But Home Buying Sentiment Hits Record Low
A record 82% of consumers say it's a 'bad time to buy' a home.
A record 82% of consumers say it's a 'bad time to buy' a home.
It’s guilt by association because U.S. government rating was dropped.
Quarterly index shows nearly 8% growth on a seasonally adjusted annualized basis.
Home Purchase Sentiment Index stuck at relatively low level in June as supply and affordability issues linger.
GSEs have helped more than 6.7 million troubled homeowners since 2008.
Economic and Strategic Research Group says evidence of downturn unlikely to appear until it is unavoidable.
Legislation would restore single-family pricing framework to what existed before May 1, 2023.
3 separate reports show low inventory affecting homebuyers’ perceptions.
Chetlur S. Ragavan is founder, principal of Risk Response LLC