General World News

Purchase sentiment is up but affordability remains a challenge in 2023

Potential homebuyers’ purchase sentiment improved slightly in December, but that still remains well below pre-pandemic highs, according to new data from Fannie Mae. Ongoing affordability challenges are expected to limit buyers from entering the market in 2023, according to Fannie Mae, which will result in continued decline in home sales in coming months.

But despite the affordability hurdles, Fannie Mae’s Home Purchase Sentiment Index (HPSI), which tracks the housing market and consumer confidence to sell or buy a home, rose in December by 3.7 points to 61 due to consumers reporting expectations that details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com