US Home Buyer Confidence is Up

Sentiment among homebuyers improved last month, and more homeowners are now anticipating a decline in mortgage rates in 2024, according to Fannie Mae. However, "even if rates fall further, we continue to believe that affordability will be tempered in part by elevated home prices, especially for first-time homebuyers, and we expect the pace of home sales improvement to be modest in 2024," said Fannie Mae's Mark Palim.