Falling mortgage interest rates, moderating home price growth and a strong labor market combined to boost consumer sentiment toward the housing market in August. As a result, Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased 0.1% compared with July to a score of 93.8 – a new survey high. Although the net share of respondents who said…
In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes, “The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”. The article continues to describe how millennials have more buying-power than the generations that preceded them, making…
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