Optimism May Drive Home Purchase Market for Remainder of 2015

first_img Related Articles The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News About Author: Xhevrije West Consumer attitudes toward the current condition of the home selling market and future home rental prices may launch purchase activity forward for the rest of 2015, according to Fannie Mae’s June 2015 National Housing Survey. Optimism among consumers about the housing market has reached new survey highs and strong job and income growth are making consumers appear more favorable in the selling market, indicating a possible increase in the existing home supply.According to the survey, an increase in housing supply from sellers along with higher rental cost expectations may be motivating more potential homebuyers to purchase. Among those questioned, 52 percent believe that now is a good time to sell a home, an increase of three percentage points, a new survey high and the first time in history this number has surpassed the 50-percent threshold. Simultaneously, 59 percent of those surveyed said they expect rental prices to go up in the next 12 months, an increase of 4 percent and also a new survey high. Tying a survey low, 63 percent of respondents say that now is a good time to buy a home.“Our June survey results show the positive impact on housing of job and income growth,” said Doug Duncan, SVP and chief economist at Fannie Mae. “The expectation of higher rents is a natural outgrowth of increasing household formation by newly employed individuals putting upward pressure on rental rates. A complementary rise in the good time to sell measure suggests that limited inventory, which is putting upward pressure on house prices, gives an increasing advantage to sellers. Together, these results point to a healthier home purchase market, with more renters likely to find owning to be more cost-effective than renting and more sellers likely to put their homes on the market.”Fannie Mae also reported that home price expectations among consumers is low for June, and less than half of respondents believe that home prices will increase moving forward. The average 12-month home price change expectation fell to 2.6 percent, the survey determined. The share of respondents who say home prices will increased in the next year dropped to 47 percent, while only 7 percent said that home prices will go down. Half of those surveyed believe that mortgage rates will increase in the next 12 months.Buyers are nearly evenly split when it comes to the obtaining a home mortgage and the number of potential buyers is decreasing, while the number of potential renters is increasing, the survey says. Half of the survey responders think that getting a home mortgage will be easy, while an unchanged 46 percent are sure it will be difficult. The share who say they would buy if they were going to move fell 2 percentage points to 64 percent, while the share who would rent increased to 30 percent.Economic conditions are also swaying survey responder opinions toward housing conditions, according to Fannie Mae. The share of respondents who say the economy is on the right track increased by 1 percentage point to 39 percent, while those who say the economy is on the wrong track fell by 1 percentage point to 51 percent. The percentage of respondents who expect their personal financial situation to get worse over the next 12 months fell back to 10 percent.Click here to view Fannie Mae’s June 2015 National Housing Survey.   Print This Post Fannie Mae Housing Market National Housing Survey Optimism 2015-07-07 Brian Honea The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Fannie Mae Housing Market National Housing Survey Optimism Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily center_img Optimism May Drive Home Purchase Market for Remainder of 2015 Previous: DS News Webcast: Tuesday 7/7/2015 Next: GuardianDocs Completes Seamless Integration With Calyx Software Home / Daily Dose / Optimism May Drive Home Purchase Market for Remainder of 2015 Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. July 7, 2015 1,352 Views Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

West Indies looking for upturn in their one-day form

first_imgHARARE, Zimbabwe (CMC) – Captain Jason Holder hopes the key areas addressed during the recent one-week camp in South Africa will see West Indies turn the page on their dodgy One-Day International form, in the Tri-Nations Series here which bowled off yesterday.West Indies were swept 3-0 by Pakistan last month and have now lost 12 of their last 16 games in the last four bilateral series. They were good enough to reach the final of the Tri-Nations Series against Australia and South Africa in the Caribbean earlier this year, but lost to the Aussies.“I think it is a situation where we need to come together as a team. We’ve struggled in the last few one-day series in terms of batting the 50 overs and that is one area we have addressed,” Holder said ahead of his side’s first game tomorrow.“In terms of the bowling, we need to be a lot better in the first power-play and then we have to close in the last 10 overs. Those are the significant areas we have paid some attention to.“I think once we do that and we string some big partnerships (together) – in the past I think we have found ourselves getting a lot of starts but not carrying on – we leave less for the middle and lower order to do.”West Indies open their campaign tomorrow against Sri Lanka before taking on the hosts on Saturday in their second outing.Last year, the Caribbean side suffered a 3-0 whitewash away to the Sri Lankans and Holder said they were expecting a strong challenge from them again, along with a tough showing from Zimbabwe.“It’s going to be tough. Obviously they are two good teams. Sri Lanka play good cricket and obviously are of a higher rank and Zimbabwe have a point to prove,” the all-rounder explained.“They are playing in their backyard as well so they will be (familiar) with their conditions. It’s a situation where we have to assess as early as possible and go out and play some good aggressive cricket.”West Indies endured a long difficult tour of the United Arab Emirates recently, where they were trounced in the Twenty20, one-day and Test series by Pakistan.Their only success came in the final Test in Sharjah when they produced an admirable performance to win by five wickets.Holder said the camp in Potchefstroom had been a great chance for the unit to re-assess.“We had a good week in Potchefstroom. I thought the guys had a few days off to catch themselves and recuperate after the long series in Dubai,” he said.“It’s just a situation where we got what we wanted out of the training camp and moving into the (Tri-Nations Series) I think we are much better prepared.”last_img read more