Fannie Mae: Consumer Sentiment Toward Housing Falls to 2-Year Low

The Fannie Mae Home Purchase Sentiment Index fell by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates.

Younger Would-Be Home Buyers Increasingly Pessimistic

The Fannie Mae Home Purchase Sentiment Index fell to its lowest level since just after the start of the pandemic as affordability constraints, particularly involving younger home buyers, continued to weigh on the housing market.

Fannie Mae Home Purchase Sentiment Index Remains Near Survey Low

The Fannie Mae Home Purchase Sentiment Index increased by 4.5 points in May to 67.5, building slightly after nearing its record low in April. The survey indicated home buyers are much more confident in the current market than sellers.