Saturday, February 4, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home U.S. Markets

U.S. consumers sour on housing market’s buying conditions

MtR by MtR
June 8, 2021
in U.S. Markets
0
U.S. consumers sour on housing market’s buying conditions


By Evan Sully

June 7 (Reuters) – A record-low percentage of U.S. consumers
believe now is a good time to buy a home, with worries about
surging prices and a small supply of houses on the market
outweighing improved sentiment about their jobs and income, a
survey from home financing giant Fannie Mae showed on Monday.

The percentage of consumers who said it is a good time to
buy a home declined in May to 35% from 47%, Fannie Mae said in
its monthly survey of the U.S. housing market. This reading,
the lowest since Fannie Mae began the survey about a decade ago,
marked the second straight monthly decline and represented a
drop of 18 percentage points since March.

In comparison, the percentage of consumers indicating that
now is a bad time to purchase a home increased to 56% from 48%
last month.

The data is part of Fannie Mae’s Home Purchase Sentiment
Index (HPSI), which increased by 1.0 point to 80.0 last month
and is up 12.5 points from a year earlier. The index’s record
high was 93.8 in August 2019.

“The ‘good time to buy’ component fell further – hitting
another all-time survey low – as 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,”
Fannie Mae Chief Economist Doug Duncan said in a statement.

The improvement of a U.S. economy that had been battered by
the COVID-19 pandemic has left a challenging environment for
home buyers.

The Mortgage Bankers Association (MBA) reported last
Wednesday that its seasonally adjusted Purchase Index decreased
4% from a week prior to the lowest in more than a year.

(Reporting by Evan Sully in Dallas; Editing by Will Dunham)
((Evan.Sully@thomsonreuters.com;))

Keywords: USA ECONOMY/HOUSING (PIX)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



Source link

Related articles

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

U.S. Stocks Holding On To Strong Gains After Early Rally

August 10, 2022

Related Posts

U.S. inflation CPI report, Wall Street, currencies

by MtR
August 10, 2022
0

SINGAPORE — Futures in Australia pointed to a lower open Thursday after a better-than-expected inflation report in the U.S. sent...

U.S. Stocks Holding On To Strong Gains After Early Rally

by MtR
August 10, 2022
0

(RTTNews) - After moving sharply higher early in the session, stocks continue to see significant strength in afternoon trading on...

Cooling Inflation Sends Stocks Soaring

by MtR
August 10, 2022
0

US stocks rallied Wednesday after data showed headline US inflation cooled in July.  The headline reading of 8.5% was below...

Analysis: China investors hedge U.S. delisting risk with Hong Kong play

by MtR
August 10, 2022
0

A floor trader walks during afternoon trading at the Hong Kong Stock Exchange in Hong Kong, China September 26, 2016....

Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates 10 August

by MtR
August 10, 2022
0

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian equity markets are likely to open lower amid weak...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter