Realtor.com and Fortune report that 22 states, representing one-third of U.S. GDP, are in or near recession, even as national GDP grows 3.8% and unemployment holds at 4.3%.
October 2024 HPSI hits highest level since 2022, showing growing consumer confidence. Despite optimism, high home prices keep many buyers cautious and on the sidelines.
Byron Lazine, Lisa Chinatti, and Tom Toole discuss the latest CPI data, the Fed’s (outdated) playbook, consumer confidence, the MLS PIN decision, technology for the real estate industry, and the Boston mayor’s incentive for converting office buildings for residential use.
Fannie Mae has released its Home Purchase Sentiment Index report for June 2023, showing a monthly increase in consumer confidence of only 0.4 points to 66.0, as buyers still contend with both limited housing supply and affordability challenges.
Byron Lazine and Nicole White discuss statements by eXp Realty founder Glenn Sanford and Compass CEO Robert Reffkin, the rise in consumer confidence, Jamie Dimon’s confidence in the U.S. consumer, and the redevelopment of unused office space as housing.
The Fannie Mae Home Purchase Sentiment Index® dropped to a new low in October. Here is a full breakdown of the survey.
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