American Confidence in Housing at an All-Time High | MyKCM

Fannie Mae just released the July edition of their Home Purchase Sentiment Index (HPSI). The HPSI takes information regarding consumers’ confidence in the real estate market from Fannie Mae’s National Housing Survey and condenses it into a single number. Therefore, the HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions.

Great News! The index reached its highest level since Fannie Mae began their survey. Breaking it down, the report revealed:

  • The share of Americans who say it is a good time to buy a home increased from the same time last year.
  • The share of those who say it is a good time to sell a home increased from the same time last year.
  • The share of Americans who say they are not concerned about losing their job over the next 12 months increased dramatically (16 percentage points) from the same time last year.
  • The share of Americans who say mortgage rates will go down over the next 12 months increased dramatically (24 percentage points) from the same time last year.

The day after the index was released, Freddie Mac also announced the 30-year fixed-rate mortgage rate fell to its lowest level in three years.

Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae explained the uptick in the index:

“Consumer job confidence and favorable mortgage rate expectations lifted the HPSI to a new survey high in July, despite ongoing housing supply and affordability challenges. Consumers appear to have shaken off a winter slump in sentiment amid strong income gains. Therefore, sentiment is positioned to take advantage of any supply that comes to market, particularly in the affordable category.”

Bottom Line

Consumers are feeling good about the real estate market. Since Americans are not worried about their jobs, see mortgage rates near an all-time low, and believe it is a good time to buy, the housing market will remain strong for the rest of the year.

Homes for Sale In Utah 

[idx-platinum-widget id=”21243-48027″ ]

4 Simple Graphs Showing Why This Is Not a Housing Bubble

4 Simple Graphs Showing Why This Is Not a Housing Bubble

4 Simple Graphs Showing Why This Is Not a Housing Bubble A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However,...

What Every Seller Needs To Know About Renovating This Year

What Every Seller Needs To Know About Renovating This Year

What Every Seller Needs To Know About Renovating This Year If you’re planning to sell this year, you’re probably thinking about what you’ll need to do to get your house ready to appeal to the most buyers. It’s crucial to work with a trusted real estate professional...

Pugs and Kisses

Wasatch Front Home Prices Soared

Median single-family home prices on the Wasatch Front soared in the fourth quarter. Home prices in the 10 most expensive Wasatch Front ZIP Codes now rival many other large U.S. cities. Alpine’s median price climbed to $1.3 million, a higher median price than Los...

Pugs and Kisses

Consumers Agree: It’s a Good Time To Sell

Consumers Agree: It’s a Good Time To Sell In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage...

How Remote Work Impacts Your Home Search

How Remote Work Impacts Your Home Search

How Remote Work Impacts Your Home Search Some Highlights If your workplace is delaying its return to office plans or is allowing permanent work from home options, that may open up new possibilities for your home search. Ongoing remote work could give you the chance...

Why Acting Strategically as a Seller Is Your Best Play

Pre-Approval Gives You The Edge

Pre-approval gives you a competitive edge when you make an offer on a house. Let's connect so you're in the best position when you find your dream home. [video width="1920" height="1080"...

Sam and Lacie Diamond

Sam and Lacie Diamond

Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 General Contractor 2000 (in-active) e-pro (advanced digital marketing) 2001 Certified Residential Specialist 2009 Certified Negotiation Expert 2014 Master...

Why a Move Could Bring You More Happiness This Year

Why a Move Could Bring You More Happiness This Year

Why a Move Could Bring You More Happiness This Year Over the past two years, we’ve lived through one of the most stressful periods in recent history. Because of the health crisis, many of us have spent more time at home and that’s led us to re-evaluate both what we...

Pugs and Kisses

Housing Inventory Lower than Last Year

Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 General Contractor 2000 (in-active) e-pro (advanced digital marketing) 2001 Certified Residential Specialist 2009 Certified Negotiation Expert 2014 Master...

Why Your Home Inspection Matters

Why Your Home Inspection Matters

Why Your Home Inspection Matters Some Highlights Buying a home and wondering if your inspection is necessary? While some buyers may decide to waive their inspection, it’s risky decision. Your home inspection is a crucial step in the homebuying process. It assesses the...

The Next Generation of Homebuyers Is Here

The Next Generation of Homebuyers Is Here

The Next Generation of Homebuyers Is Here Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about...

Pugs and Kisses

Why Pre-Approval Is Key for Homebuyers in 2022

Why Pre-Approval Is Key for Homebuyers in 2022 You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with...

Buyers Want To Know: Why Is Housing Supply Still So Low?

Buyers Want To Know: Why Is Housing Supply Still So Low?

Buyers Want To Know: Why Is Housing Supply Still So Low? One key question that’s top of mind for homebuyers this year is: why is it so hard to find a house to buy? The truth is, we’re in the ultimate sellers’ market, so real estate is ultra-competitive for buyers...

When Is the Right Time To Sell ?

When Is the Right Time To Sell ?

When Is the Right Time To Sell Some Highlights If you’re trying to decide when to list your house, the time is now. There are plenty of buyers eagerly waiting for your home to hit the market. The latest data indicates home...

Expert Insights on the 2022 Housing Market Utah Realty™

Expert Insights on the 2022 Housing Market Utah Realty™

Expert Insights on the 2022 Housing Market As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we...

Your Best Offer

Your Best Offer

5 Tips for Making Your Best Offer on a Home As a buyer in a sellers’ market, sometimes it can feel like you’re stuck between a rock and a hard place. When you’re ready to make an offer on a home, remember these five easy tips to help you rise above the competition. 1....

A Happy Tail: Pets and the Homebuying Process

A Happy Tail: Pets and the Homebuying Process

A Happy Tail: Pets and the Homebuying Process Some Highlights It’s no secret that we love our furry friends - about 70% of U.S. households have pets. What may come as a surprise is how large a role they play in the homebuying process. Americans spend $1,163 a year on...

Two Reasons Why Waiting To Buy a Home Will Cost You

Two Reasons Why Waiting To Buy a Home Will Cost You

Two Reasons Why Waiting To Buy a Home Will Cost You If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market...

Happy Thanksgiving This 2021

thank·ful expressing gratitude and relief. "an earnest and thankful prayer OHANA is a Hawaiian term meaning "family" (in an extended sense of the term, including blood-related, adoptive or intentional). THANKSGIVING It began as a day of giving thanks and sacrifice for...

Retirement May Be Changing What You Need in a Home

Retirement May Be Changing What You Need in a Home

Retirement May Be Changing What You Need in a Home The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According...

Should I Update My House Before I Sell It?

Should I Update My House Before I Sell It?

Should I Update My House Before I Sell It? Some Highlights If you’re deciding whether you should make updates before you sell your house, lean on your agent to be your guide. If the market is flooded with houses for sale, updates...

Sell Your House Before the Holidays

Sell Your House Before the Holidays

Sell Your House Before the Holidays As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the...

Numbers Don’t Lie – It’s Still a Great Time To Sell

Numbers Don’t Lie – It’s Still a Great Time To Sell

Numbers Don’t Lie – It’s Still a Great Time To Sell Some Highlights Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says. Housing supply is...

Sellers Have Incredible Leverage in Today’s Market

Sellers Have Incredible Leverage in Today’s Market

Sellers Have Incredible Leverage in Today’s Market With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of...

Housing Challenge or Housing Opportunity? It Depends.

Housing Challenge or Housing Opportunity? It Depends.

Housing Challenge or Housing Opportunity? It Depends. The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced...

Your Home Equity Is Growing

Your Home Equity Is Growing

Your Home Equity Is Growing Some Highlights If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year. Whether it’s funding an education, fueling your next move, or starting a business,...

Pugs and Kisses

Perfect Combination

In today’s housing market, houses are selling quickly and are receiving multiple offers from eager buyers. That combination means it’s a great time to sell. DM me so we can discuss how your house plus today’s sellers’ market adds up to a great opportunity for you this...

Homebuyer Tips for Finding the One

Homebuyer Tips for Finding the One

Homebuyer Tips for Finding the One Some Highlights The best advice carries across multiple areas of life. When it comes to homebuying, a few simple tips can help you stay on track. Because of increased demand, you’ll need to be patient and embrace compromises during...

The Big Question: Should You Renovate or Move?

The Big Question: Should You Renovate or Move?

The Big Question: Should You Renovate or Move? The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70%...

111,285 Reasons You Should Buy a Home This Year

111,285 Reasons You Should Buy a Home This Year

111,285 Reasons You Should Buy a Home This Year The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest...

Early October is the Sweet Spot for Buyers

Early October is the Sweet Spot for Buyers

Early October is the Sweet Spot for Buyers Are you looking to buy a home? If so, we’ve got good news for you. While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today?...

As Home Equity Rises, So Does Your Wealth

As Home Equity Rises, So Does Your Wealth

As Home Equity Rises, So Does Your Wealth Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In...

If You’re a Buyer, Is Offering Asking Price Enough?

If You’re a Buyer, Is Offering Asking Price Enough?

If You’re a Buyer, Is Offering Asking Price Enough? In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the...

It’s Still a Sellers’ Market In Utah

It’s Still a Sellers’ Market In Utah

It’s Still a Sellers’ Market Some Highlights Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why 73% of...

Is a 20% Down Payment Really Necessary To Purchase a Home?

Is a 20% Down Payment Really Necessary To Purchase a Home?

Is a 20% Down Payment Really Necessary To Purchase a Home? There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from...

Have You Ever Seen a Housing Market Like This?

Have You Ever Seen a Housing Market Like This?

Have You Ever Seen a Housing Market Like This?  Some Highlights Whether you’re buying or selling – today’s housing market has plenty of good news to go around. Buyers can take advantage of today's mortgage rates to escape rising rents and keep monthly...

Is the Number of Homes for Sale Finally Growing?

Is the Number of Homes for Sale Finally Growing?

Is the Number of Homes for Sale Finally Growing? Salt Lake County Active Single Family on September 1st was at 820 Units as of September 16th up slightly to 887 Utah County September 1st was at 664 as of September 16th down to  651 An important metric in today’s...

5 Reasons Today’s Housing Market Is Anything but Normal

5 Reasons Today’s Housing Market Is Anything but Normal

5 Reasons Today’s Housing Market Is Anything but Normal There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s...

Free Checklist to Get Ready to Sell Your Home

Free Checklist to Get Ready to Sell Your Home

Your Checklist To Get Ready To Sell Some Highlights When it comes to selling your house, you want it to look its best inside and out. It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal for prospective buyers....

Why 2021 Is Still the Year To Sell Your House

Why 2021 Is Still the Year To Sell Your House

Why 2021 Is Still the Year To Sell Your House If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s...

Expert News on Mortgage Rates

Expert News on Mortgage Rates

What Do Experts Say About Today’s Mortgage Rates? Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.Generally speaking, when rates are...

A Look at Home Price Appreciation Through 2025

A Look at Home Price Appreciation Through 2025

A Look at Home Price Appreciation Through 2025 Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s...

Tips for Today’s Sellers

Tips for Today's Sellers   Even in today's ultimate sellers' market, it's key to have an expert guide when you sell your house. Let's connect to optimize your home sale this summer.

Don’t Wait To Sell Your House

Don’t Wait To Sell Your House

Don’t Wait To Sell Your HouseWe’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell...

Why You May Want To Cash in on Your Second Home

Why You May Want To Cash in on Your Second Home

Why You May Want To Cash in on Your Second HomeWhen stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym,...

Buying a Home Is Still Affordable

Buying a Home Is Still Affordable

Buying a Home Is Still AffordableThe last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits...

3 Things To Prioritize When Selling Your House

3 Things To Prioritize When Selling Your House

3 Things To Prioritize When Selling Your HouseToday’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house....

Your House Could Be the Oasis in an Inventory Desert

Your House Could Be the Oasis in an Inventory Desert

Your House Could Be the Oasis in an Inventory DesertHomebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices...

It’s Not Too Late To Apply For Forbearance

It’s Not Too Late To Apply For Forbearance

It’s Not Too Late To Apply For Forbearance Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once...

Are Interest Rates Expected to Rise Over the Next Year?

Are Interest Rates Expected to Rise Over the Next Year?

Are Interest Rates Expected to Rise Over the Next Year?So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into...

Top 4 Reasons to Own a Home

Top 4 Reasons to Own a Home   Owning a home can have an incredible impact on your quality of life. Let's connect if you're ready to make your dream of homeownership a reality.

Pin It on Pinterest

Share This