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Only 2 in 10 Consumers Say It’s a Good Time to Buy a House

Friday, Jul 08 2022
Lending
Written by  The Mortgage Leader

Fannie Mae announced that its Home Purchase Sentiment Index fell 3.4 points in June to 64.8, its second-lowest reading in a decade, with consumers continuing to signal a slowing housing market.

Fannie Mae2 150x150Just 20% of consumers said it was a good time to buy a home, up 17% from May, while 68% said it’s a good time to sell, down from 76%.

“Approximately half of all respondents indicated that it would be ‘difficult’ to get a mortgage, the highest such percentage since 2014,” said Doug Duncan, Fannie Mae chief economist.

Read the full announcement from Fannie Mae.

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