{"id":4789,"date":"2024-03-08T05:29:56","date_gmt":"2024-03-08T05:29:56","guid":{"rendered":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2024\/03\/08\/housing-sentiment-is-at-the-highest-level-in-nearly-two-years-fannie-mae-says-because-of-home-sellers\/"},"modified":"2024-03-08T05:29:56","modified_gmt":"2024-03-08T05:29:56","slug":"housing-sentiment-is-at-the-highest-level-in-nearly-two-years-fannie-mae-says-because-of-home-sellers","status":"publish","type":"post","link":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2024\/03\/08\/housing-sentiment-is-at-the-highest-level-in-nearly-two-years-fannie-mae-says-because-of-home-sellers\/","title":{"rendered":"Housing Sentiment Is at the Highest Level in Nearly Two Years, Fannie Mae Says, Because of Home Sellers"},"content":{"rendered":"

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Home sellers are feeling a lot more optimistic about the housing market, according to a new Fannie Mae\u00a0survey<\/a>, ahead of the spring home-buying season.<\/p>\n

In February, the monthly Home Purchase Sentiment Index by the government-sponsored enterprise rose for the third month in a row to 72.8. That\u2019s the highest share since March 2022.<\/p>\n

About two-thirds of consumers (65%) surveyed said it\u2019s a good time to sell a home, up from 60% the previous month.<\/p>\n

\u201cConsumer attitudes toward home-selling conditions increased markedly in February, with current homeowners, in particular, expressing greater optimism that it\u2019s a \u2018good time to sell,\u2019 a development that may foreshadow an upcoming increase in existing home listings,\u201d Doug Duncan, chief economist and senior vice president at Fannie Mae, said in a statement.<\/p>\n

But home-buying sentiment remains muted. The share of respondents who said it\u2019s a good time to buy a home in February rose modestly to 19% from 17%, Fannie Mae said.<\/p>\n

Around 35% of people surveyed also expect mortgage rates will go down over the next 12 months, which is only down 1 percentage point from the previous month.<\/p>\n

If mortgage rates fall close to or even below 6% by the end of the year, as Fannie Mae\u00a0expects<\/a>, \u201cit\u2019s likely that consumer sentiment on both sides of the transaction will improve, perhaps leading to a further thawing of the housing market,\u201d Duncan said.<\/p>\n

The\u00a030-year fixed-rate mortgage<\/a>\u00a0was averaging at 7.02%, as of March 1, according to the Mortgage Bankers Association.<\/p>\n

And an increasing share believed that home prices were to go up in the next 12 months, rising to 42% from 37%.<\/p>\n

The median price of a resale home in January, the most updated figure available, was $379,100, according to the National Association of Realtors.<\/p>\n

MarketWatch, the place where you can find the latest stock market, financial and business news. Cryptocurrency<\/a> is trending now, get the latest info on Bitcoin<\/a>, Ethereum<\/a>, and XRP<\/a>.<\/em><\/p>\n

The post Housing Sentiment Is at the Highest Level in Nearly Two Years, Fannie Mae Says, Because of Home Sellers<\/a> appeared first on Real Estate News & Insights | realtor.com\u00ae<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Getty Images Home sellers are feeling a lot more optimistic about the housing market, according to a new Fannie Mae\u00a0survey, ahead of the spring home-buying season. In February, the monthly Home Purchase Sentiment Index by the government-sponsored enterprise rose for the third month in a row to 72.8. That\u2019s the highest share since March 2022….Read More→<\/a><\/p>\n","protected":false},"author":0,"featured_media":4790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/4789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/comments?post=4789"}],"version-history":[{"count":0,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/4789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media\/4790"}],"wp:attachment":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media?parent=4789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/categories?post=4789"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/tags?post=4789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}