In February, US homebuying sentiment improved for the third consecutive month, with Fannie Mae's Home Purchase Sentiment Index rising to 72.8.
US homebuying sentiment improved for the third month in a row in February, with Fannie Mae's Home Purchase Sentiment Index rising by 2.1 points to 72.8. The increase is partly due to a larger share of homeowners believing it's a good time to sell, rising to 65% from 60% the previous month. This sentiment may lead to increased home listings, but buyer sentiment remains negative due to high mortgage rates impacting affordability. The improved seller sentiment could benefit the spring homebuying season, however, affordability challenges persist for buyers.
March 07, 2024
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