Housing Confidence Gaining Steam After Nearing Survey Low
61 Percent of Americans Now Believe It's a Good Time to Buy a HomeWASHINGTON, DC – July 7, 2020 – The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) increased 9.0 points in June to 76.5, building further on the prior month’s advance
How Consumers Will Benefit From Latest Fed Rate Cut
The Federal Reserve lowered its benchmark interest rate by another quarter of a percentage point on Wednesday to a range of 1.75% to 2%, citing concerns over a global economic slowdown. Mortgage rates aren’t directly tied to the Fed’s interest rate,
Housing Markets Aren’t Usually Hurt During a Recession
Excluding the Great Recession, a study of 1,039 state-level recessions since 1997 found that home values appreciated at the same rate they did in other times.NEW YORK – Other than the housing-led Great Recession of the late 2000s, home values