Fannie Mae: Housing Market Sentiment 'Subdued'
Home Purchase Sentiment Index rose in January for 3rd straight month, but remains below pre-pandemic level.
Home Purchase Sentiment Index rose in January for 3rd straight month, but remains below pre-pandemic level.
Housing prices, mortgage rates continue to decline but affordability still an issue.
A homebuyer on a $2,500 monthly budget can once again afford a $400,000 home.
Ratings agency says U.S. homes were overvalued by 10.5% in Q3.
New Opportunities On The Horizon
RE/MAX report says home sales fell below the previous year in every month of 2022.
Next year's forecasted drop in home sales is smaller in comparison to this year's hit.
Elevated interest rates paired with housing market seasonality has driven declines in new inventory and listings.
Inflation, high interest rates among reasons cited.