Estimated reading time: 0 minutes, 34 seconds

Record Numbers Think It’s a Bad Time to Buy a Home: Fannie Mae

Saturday, Jun 12 2021
Lending
Written by  The Mortgage Leader

Americans’ outlook about buying a home is its gloomiest since Fannie Mae began keeping track in 2010, but low interest rates combined with higher savings rates during the pandemic have many still wanting to take the plunge. So reports MarketWatch.

Fannie Mae2 150x150Just 35% of consumers say it’s a good time to buy a home, while 67% say it’s a good time to sell, according to the latest data from Fannie Mae.

“Consumers appear to be acutely aware of higher home prices and the low supply of homes, the two reasons cited most frequently for that particular sentiment," Doug Duncan, Fannie Mae chief economist and senior vice president, said in a statement.

Read the full article MarketWatch.

Read 2039 times
Rate this item
(0 votes)
More in this category: « Bodnar of MMG: Bonds Got Punched in the Face, Then Bounced Back Mortgage Rates Tick Down With 30-Year at 2.96% »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline