Fannie Mae's home purchase sentiment index showed mixed signals; while 39% predict mortgage rates will decline, only 17% believe it's a good time to buy.
Despite positive affordability trends, consumer sentiment about homebuying conditions persists, with geographical variations illustrating diverse responses to housing supply and demand.
Mark Palim indicated that seller strength varies by region, highlighting a notable decline in perceptions of home selling conditions in the South compared to other regions.
The decline in housing starts reflects a broader national trend, with both single-family and multifamily constructions decreasing, contributing to complex market dynamics.
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