Posted To: MND NewsWire

Consumer sentiment about buying a house fell even further into negative territory in July. Fannie Mae said that only 28 percent of respondents to its monthly National Housing Survey thought it was a good time to buy while two thirds said it was not, continuing a deflation of buyer enthusiasm that began in early spring. The net positive responses fell 6 points from the June level to -38 percent, a full 53 points lower than in July 2020. Responses to whether it was a good time to sell dropped 7 points to 75 percent, but it those responses had been on an upswing in previous months. That left net positive responses at 55 percent, 58 points higher year-over-year. While the buying and selling questions usually attract the most attention, all six components of the index fell from their June levels…(read more)

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Source: Mortgage News Daily