VACCINATIONS GIVING MORE CONFIDENCE IN HOUSING
Posted: April 30, 2021 by Beverley McCleery
Confidence in the U.S. economy and the housing market grew in March as the country ramped up vaccinations for COVID-19.
Fannie Mae’s Home Price Sentiment Index increased by 5.2 points from February to 81.7 in March. Year over year, the index is up 0.9 points. Four of the HPSI’s six components increased month over month, including the components related to homebuying and homeselling conditions, household income and home prices. The mortgage rate outlook component experienced the only decline.