Reported 2 days ago
A recent housing survey indicates that consumer confidence is increasing as buyers and sellers adapt to elevated mortgage rates and home prices. The Fannie Mae Home Purchase Sentiment Index rose to 75 points in November, reflecting a 10.7 point increase over the past year. While only 23% of respondents believe it’s a good time to buy a home, optimism about the potential decline in mortgage rates is growing, suggesting improving sentiment in the housing market.
Source: YAHOO