The share of folks who said it’s a 'good time to buy' increased to 22% during the month from 19% in May but remained well below the historical trend. The 'good time to sell' component remained elevated at 64%, down slightly from last month's 65%.
measuring housing sentiment increased slightly in June, with 4 of 6 surveyed components largely staying stagnant month over month.
"Confidence in the housing market appears to have plateaued at a relatively low level," Fannie Mae Chief Economist Doug Duncan said in a statement, "suggesting that many consumers may be coming to terms with elevated mortgage rates and high home prices."Mortgage rates to remain elevated The Federal Reserve has signaled that its benchmark interest rates — which indirectly affect fixed mortgage rates — will remain high, with potentially onlyFolks hold a similar view — that rates are close to where they will remain in the next 12 months.
. "That move-up buyer doesn't want to sacrifice their low interest rate. It's a segment of the market that's pretty much gone."For the second consecutive month, the net share of consumers who expect prices to increase was 11%. That’s the highest share since June 2022,That jibes with what’s happening on the ground.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
June was hottest June on record globally, Copernicus saysThis past June was the hottest June globally on record in terms of sea and air temperatures, according to a statement by the EU-backed Copernicus Climate Change Service.
Read more »
The month of June was the planet's hottest June ever recordedThe report also stated that ocean surface temperatures in June were the warmest ever recorded.
Read more »
New Jersey’s 22 best fried chicken spots, for National Fried Chicken Day 2023Crispy crunchy, crazy-good: Here are New Jersey's 22 best fried chicken spots.
Read more »
Genovese crime family mobster sentenced to 22 months for NYC racketeeringThomas Poli, a mobster whose links to disgraced Bronx County Clerk Luis Diaz led to the pol’s conviction, was sentenced to 22 months in prison in a racketeering case.
Read more »
Reeaz Khan sentenced 22 years-to-life for killing 92-year-old Queens ‘cat lady’A Queens judge Thursday sentenced a man to 22 years-to-life in prison for raping and murdering a 92-year-old “Cat Lady” over three years ago.
Read more »
22 Early Prime Day Shoe Deals to Shop Right NowSave on our editors’ favorite footwear from brands like Hoka, New Balance, and Teva.
Read more »