Skip to main content

Fannie Mae: Homebuyer Sentiment at Record High

Phil Hall
Mar 08, 2017
The Fannie Mae Home Purchase Sentiment Index (HPSI) reached an all-time high last month when it increased by 5.6 percentage points from January to an 88.3 level

The Fannie Mae Home Purchase Sentiment Index (HPSI) reached an all-time high last month when it increased by 5.6 percentage points from January to an 88.3 level. The HPSI also increased on a year-over-year basis by 5.6 percent. Five of the six components that comprise the HPSI were up, and three hit record highs.
 
Fannie Mae also reported that the net share of Americans who say it is a good time to buy a house rose 11 percentage points to 40 percent, while those who say it is a good time to sell increased by seven percentage points to 22 percent, a new survey high.
 
“The latest post-election surge in optimism puts the HPSI at its highest level since its starting point in 2011,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. “Millennials showed especially strong increases in job confidence and income gains, a necessary precursor for increased housing demand from first-time homebuyers. Preliminary research results from our team find that Millennials are accelerating the rate at which they move out of their parents’ homes and form new households. However, continued slow supply growth implies continued strong price appreciation and affordability constraints facing millennials and first-time buyers in many markets.”
Published
Mar 08, 2017
Guild Mortgage Acquires Cherry Creek Mortgage

Terms of purchase not disclosed; reverse mortgage volume added to Guild.

Mar 14, 2023
Vigilance, Dedication, And Commitment Forge Legends

Submit a nomination for Mortgage Banker Magazine’s Legends of Lending.

Mar 10, 2023
FTC Moves To Block Black Knight, ICE Merger

Says it 'would drive up costs, reduce innovation, and reduce lenders’ choices.'

Mar 09, 2023
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Jan 26, 2023