Real Estate News 01/10/2024

Today’s News Synopsis:

The Fannie Mae Home Purchase Sentiment Index^® (HPSI) increased 2.9 points in December to 67.2, due primarily to a significant jump in the share of consumers expecting mortgage rates to go down over the next 12 months.

In The News:

FannieMae– “Consumer Optimism About Mortgage Rates Jumps Significantly“ (01-08-24)

“n December, a survey-high 31% of consumers indicated that they expect mortgage rates to go down, while 31% expect them to go up, and 36% expect rates to remain the same.”

NAR –  “County Median Home Prices and Monthly Mortgage Payment” (01-03-2024)

“Employing the House Price Index growth data from FHFA and integrating it with the latest housing statistics derived from the American Community Survey (2022 ACS estimates), we have computed median home values for 3,110 counties and county equivalents across the United States. ”

Marketwatch –  “Here’s when taxpayers can start filing their 2023 tax returns — and which states have different tax deadlines” (01-09-2024)

“Americans can start filing their income-tax returns with the Internal Revenue Service on Monday, Jan. 29, the federal tax collector announced Monday.”

NAR –  “State-to-State Migration Trends in 2022” (01-08-24)

“According to newly released data from the U.S. Census Bureau, the number of people who moved between states rose from approximately 7.9 million in 2021 to approximately 8.2 million in 2022. ”

CNN –  “Office vacancy rate hits record high” (01-08-24)

“More office space is currently sitting empty in the United States than at any point since 1979, said Moody’s Analytics, which began tracking office leasing vacancies that year..”