{"id":78,"date":"2019-08-22T14:22:14","date_gmt":"2019-08-22T14:22:14","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=78"},"modified":"2019-08-22T14:22:16","modified_gmt":"2019-08-22T14:22:16","slug":"american-confidence-in-housing-at-an-all-time-high","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/american-confidence-in-housing-at-an-all-time-high\/","title":{"rendered":"American Confidence in Housing at an All-Time High"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"750\" height=\"410\" src=\"https:\/\/phphouses.com\/blog\/wp-content\/uploads\/2019\/08\/20190812-Share-KCM.jpg\" alt=\"\" class=\"wp-image-79\" srcset=\"https:\/\/phphouses.com\/blog\/wp-content\/uploads\/2019\/08\/20190812-Share-KCM.jpg 750w, https:\/\/phphouses.com\/blog\/wp-content\/uploads\/2019\/08\/20190812-Share-KCM-300x164.jpg 300w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/figure>\n\n\n\n<p><em>Fannie Mae<\/em>&nbsp;just released the July edition of their&nbsp;<a href=\"https:\/\/www.fanniemae.com\/portal\/media\/corporate-news\/2019\/july-home-purchase-sentiment-index-6908.html\" target=\"_blank\" rel=\"noreferrer noopener\">Home Purchase Sentiment Index<\/a>&nbsp;(HPSI). The HPSI takes information regarding consumers\u2019 confidence in the real estate market from&nbsp;<em>Fannie Mae<\/em>\u2019s&nbsp;<strong>National Housing Survey<\/strong>&nbsp;and condenses it into a single number. Therefore, the HPSI reflects consumers\u2019 current views and forward-looking expectations of housing market conditions.<\/p>\n\n\n\n<p><strong>Great News!<\/strong>&nbsp;The index reached its highest level since&nbsp;<em>Fannie Mae<\/em>&nbsp;began their survey. Breaking it down, the report revealed:<\/p>\n\n\n\n<ul><li>The share of Americans who say it is a good time to buy a home increased from the same time last year.<\/li><li>The share of those who say it is a good time to sell a home increased from the same time last year.<\/li><li>The share of Americans who say they are not concerned about losing their job over the next 12 months increased dramatically (16 percentage points) from the same time last year.<\/li><li>The share of Americans who say mortgage rates will go down over the next 12 months increased dramatically (24 percentage points) from the same time last year.<\/li><\/ul>\n\n\n\n<p>The day after the index was released,&nbsp;<em>Freddie Mac<\/em>&nbsp;also announced the 30-year fixed-rate mortgage rate fell to its lowest level in three years.<\/p>\n\n\n\n<p>Doug Duncan,&nbsp;<em>Senior Vice President and Chief Economist<\/em>&nbsp;at&nbsp;<em>Fannie Mae<\/em>&nbsp;explained the uptick in the index:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><em>\u201cConsumer job confidence and favorable mortgage rate expectations lifted the HPSI to a new survey high in July, despite ongoing housing supply and affordability challenges. Consumers appear to have shaken off a winter slump in sentiment amid strong income gains. Therefore, sentiment is positioned to take advantage of any supply that comes to market, particularly in the affordable category.\u201d<\/em><\/p><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Bottom Line<\/strong><\/h3>\n\n\n\n<p>Consumers are feeling good about the real estate market. Since Americans are not worried about their jobs, see mortgage rates near an all-time low, and believe it is a good time to buy, the housing market will remain strong for the rest of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fannie Mae&nbsp;just released the July edition of their&nbsp;Home Purchase Sentiment Index&nbsp;(HPSI). The HPSI takes information regarding consumers\u2019 confidence in the real estate market from&nbsp;Fannie Mae\u2019s&nbsp;National Housing Survey&nbsp;and condenses it into a single number. Therefore, the HPSI reflects consumers\u2019 current views and forward-looking expectations of housing market conditions. Great News!&nbsp;The index reached its highest level since&nbsp;Fannie&hellip; <a class=\"continue\" href=\"https:\/\/phphouses.com\/blog\/american-confidence-in-housing-at-an-all-time-high\/\">Finish Reading<span> American Confidence in Housing at an All-Time High<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[18,9,23,12,5,13,19,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/78"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=78"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/78\/revisions"}],"predecessor-version":[{"id":80,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/78\/revisions\/80"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=78"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=78"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=78"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}