Back to top
Join us on LinkedIn Follow us on Twitter Like us on Facebook
 
  OCTOBER RESEARCH STORE SUBSCRIBE LOG IN
AddControlToContainer_DynamicNavigation1

Home-purchase sentiment rises

Add This Email A Friend Printer Friendly Version Increase Text Size Decrease Text Size
0 comments
Market Data
Thursday, February 18, 2021
Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased in January to 77.7, a 3.7-point improvement from December.

Fannie Mae said consumers reported a significantly more positive view of home-selling conditions month-over-month. Year-over-year, the HPSI declined15.3 points.

“The HPSI experienced a modest uptick in January, reversing much of December’s decline,” Fannie Mae Senior Vice President and Chief Economist Doug Duncan said in a release. “Interestingly, lower-income and renter groups were more optimistic this past month across nearly all of the sentiment index’s components.”

“We will pay close attention to see if this newfound optimism develops into a trend, which could indicate either that some demographics who have been more negatively impacted by the pandemic may be starting to feel the economic recovery or that this is a response to the additional stimulus enacted in December,” Duncan said.

According to the HPSI, the percentage of respondents who in December said it was a good time to buy a home remained unchanged at 52 percent, while the percentage who said it was a bad time to buy decreased from 39 percent to 37 percent.  

During December, the percentage of respondents who said it was a good time to sell a home increased from 50 percent to 57 percent, while the percentage who said it was bad time to sell decreased from 42 percent to 33 percent.

The percentage of respondents who in December said home prices will go up in the next 12 months remained the same at 41 percent, while the percentage who said home prices will go down increased from 16 percent to 17 percent.  

Additionally, the percentage of respondents who in December said they were not concerned about losing their job in the next 12 months remained unchanged at 75 percent, while the percentage who said they were concerned decreased from 25 percent to 24 percent.  

Fannie Mae said the percentage of respondents who in December said their household income was significantly higher than it was 12 months ago increased from 20 percent to 21 percent, while the percentage who said their household income was significantly lower decreased from 18 percent to 14 percent. The percentage who said their household income was about the same increased from 61 percent to 64 percent.

“Overall, the index’s monthly increase was driven largely by a substantial jump in the share of consumers reporting that it’s a good time to sell a home, with many citing favorable mortgage rates, high home prices, and low housing inventory as their primary rationale,” Duncan said. “Among owners and higher income groups, however, the other five components of the index remained relatively flat or slightly negative, suggesting to us that some consumers are waiting to gauge the effectiveness of any new fiscal policies and vaccination distribution programs on both housing and the larger economy.”

 

  

                                

Today's other top stories
Investors Title’s quarterly, yearly profits increase
Flueid announces Series A funding round
NFIB supports Labor Department’s joint-employer standards
FNF names regional manager
Median home-sale price increases


COMMENT BOX DISCLAIMER:
October Research is not responsible for the comments posted on its websites by readers. We will do our best to remove comments that include profanity or personal attacks or other inappropriate comments.
Comments:

Be the first to leave a comment.

Leave your comment
CAPTCHA Validation
CAPTCHA
Code:
: 
: 
Your Email is for reporting purposes only. It will NOT be displayed.
Popularity:
This article has been viewed 972 times.

Tweets from @TheTitleReport/lists/around-the-industry
News by Topic   News by Edition   Special Reports   Webinars   Subscribe
Announcements
Conference Coverage
Cyberawareness
Industry News
Market Data
People on the Move
Technology
Trendsetters
The TRID Journey
 
January 4, 2021
January 18, 2021
February 1, 2021
February 15, 2021
March 1, 2021
Archives
 
State of the Industry Report
iBuyer Report
Voice of the Title Agent Report
Title Technology Report
CFPB Anniversary Report
Trendsetters
Archives
 
 
Getting to Know Your Regulators
RESPA Section 9
Economic Forecast - Q1
Sales Strategies for Success
Archives
 
Newsletter Subscriptions
Free Email Updates
Try a Free Edition
  Resources   About   Store  
 
eClosing Solutions Showcase
Best Practices Provider Directory
Industry Partners
 
The Title Report
Contact / Editors
Social Media
Advertise
Are You An Expert?
Subscriber Agreement
 
NS3 The Summit
Other Newsletters
The Legal Description
RESPA News
Valuation Review
Dodd Frank Upate
 
                 
Copyright © 1999-2021 The Title Report
An October Research, LLC publication
3046 Brecksville Road, Suite D, Richfield, OH 44286
(330) 659-6101, All Rights Reserved
www.thetitlereport.com | Privacy Policy
VISIT OUR OTHER WEBSITES
> Valuation Review
> RESPA News
> The Legal Description
> Dodd Frank Update
> The October Store


Loading... Loading...
Featuring:
  • Delivery 3X a week plus breaking news as it happens
  • Comprehensive title insurance industry news
  • Recent acquisitions, mergers, real estate stats
  • Exclusive in-depth coverage of the industry's hottest stories
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Comprehensive Dodd-Frank coverage
  • The latest information from the CFPB
  • Full coverage of Congressional hearings
  • Updates on all agency actions
  • Analysis of controversial provisions
  • Release of newest studies and reports
Sign up today and...
  • Be one of the first to know where NS3 is being held
  • Learn about NS3 speakers and sessions
  • Save on registration with Super-Early Bird rates
  • Discover the networking opportunities NS3 offers
  • Find out if CE credits will be offered for your area
  • And much more
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Preview the latest RESPAnews.com Top Story
  • RESPA related headline news
  • Quote of the Week
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Legal, regulatory and legislative information impacting the settlement services industry
  • News from HUD, Congress, state legislatures and other regulatory agencies
  • Follow the lobbying efforts of all the major national real estate services organizations.
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • The industry's only full-time newsroom
  • Relevant, up-to-date appraisal industry news
  • Covering the hottest stories and industry trends
NEWS BY TOPIC
NEWS BY EDITION
SPECIAL REPORTS
RESOURCES
EMAIL UPDATES
ABOUT
WEBINARS
SUBSCRIBE
Announcements
Conference Coverage
Cyberawareness
Industry News
Market Data
People on the Move
Technology
Trendsetters
The TRID Journey
Nominate a Trendsetter
What is Trendsetters
Current Edition
February 1, 2021
January 18, 2021
January 4, 2021
Archives
2021 State of the Industry
iBuyer Report
2020 Voice of the Title Agent
2020 Title Technology
2020 CFPB Anniversary Report
The New GSE Focus
Grow Your Business
Trendsetters
Archives
Nominate a Trendsetter
What is Trendsetters?
eClosing Solutions Showcase
Best Practices Provider Directory
Industry Partners
The Title Report
Contact Us
Social Media
Advertise
Are You An Expert?
Subscriber Agreement
Getting to Know Your Regulators
RESPA Section 9
Economic Forecast Series - Q1
Sales Strategies for Success
Webinar Archives