{"id":21665,"date":"2023-06-12T16:47:28","date_gmt":"2023-06-12T20:47:28","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/americans-havent-felt-so-confident-about-house-prices-since-july-2022-despite-high-interest-rates-heres-why\/"},"modified":"2023-06-12T16:47:30","modified_gmt":"2023-06-12T20:47:30","slug":"americans-havent-felt-so-confident-about-house-prices-since-july-2022-despite-high-interest-rates-heres-why","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=21665","title":{"rendered":"Americans haven\u2019t felt so confident about house prices since July 2022, despite high interest rates. Here\u2019s why."},"content":{"rendered":"
\n

Good news for house sellers. Bad news for buyers.<\/p>\n

U.S. consumers have high hopes for house prices, despite interest rates that have doubled over the last two years.<\/p>\n

Expectations for growth in median home prices increased to 2.6% in May from 2.5% in April, the highest reading since July 2022, according to the latest Survey of Consumer Expectations released Monday by the Federal Reserve Bank of New York.\u00a0<\/p>\n

\n

The increase in house-price expectations was particularly notable among people with annual household incomes above $100,000, and those who live in the Western U.S. (The monthly survey gathers respondents\u2019 expectations about inflation, the labor market, and household finances.)<\/p>\n

<\/p>\n
\n

\n \u201c<\/span>Property prices continue to rise, albeit at a much slower rate than during the early days of the pandemic.\u201d<\/span>\n <\/p>\n<\/p><\/div>\n<\/p><\/div>\n

\u201cPerceptions of credit access compared to a year ago deteriorated slightly in May,\u201d the Fed survey added. \u201cThe share of households reporting that it is more difficult to obtain credit now than a year ago increased, while the share reporting that it is easier declined.\u201d<\/p>\n

Property prices continue to rise, albeit at a much slower rate than during the early days of the pandemic. The median price of homes for sale increased by 0.9% from April to May, according to a Realtor.com\u2019s latest Monthly Housing Market Trends Report.\u00a0<\/p>\n

High interest rates, low housing inventory<\/h2>\n

An increasing lack of inventory is one driving factor pushing up the price of homes.<\/p>\n

\u201cThe number of homes actively for sale increased by 21.5% compared to last year,\u201d the Realtor.com report noted. \u201cThe total number of unsold homes, including homes that are under contract, decreased by 0.2% compared to last year.\u201d<\/p>\n

The total number of homes for sale, including those that were in contract but not yet sold, fell by 0.2% last month compared to the same period a year ago. This marks the first time total listings have declined on an annual basis since June 2022.<\/p>\n

Still, millions of would-be homeowners appear to be sitting on the sidelines. The monthly Fannie Mae
\n FNMA,
\n -1.84%<\/bg-quote>
\n Home Purchase Sentiment Index fell in May, and is nearing its survey low. In May, 19% of consumers said it was a good time to buy a home, compared to 23% last month.\u00a0<\/p>\n

(Realtor.com is owned by News Corp. <\/em>
\n NWSA,
\n -1.09%<\/bg-quote>,<\/span>
\n the same parent company as MarketWatch.).<\/em><\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Good news for house sellers. Bad news for buyers. U.S. consumers have high hopes for house prices, despite interest rates that have doubled over the last two years. Expectations for growth in median home prices increased to 2.6% in May from 2.5% in April, the highest reading since July 2022, according to the latest Survey […]<\/p>\n","protected":false},"author":1,"featured_media":21666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-21665","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nAmericans haven\u2019t felt so confident about house prices since July 2022, despite high interest rates. Here\u2019s why. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Good news for house sellers. Bad news for buyers. U.S. consumers have high hopes for house prices, despite interest rates that have doubled over the last\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=21665\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Americans haven\u2019t felt so confident about house prices since July 2022, despite high interest rates. Here\u2019s why. | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Good news for house sellers. Bad news for buyers. U.S. consumers have high hopes for house prices, despite interest rates that have doubled over the last\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=21665\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-12T20:47:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-12T20:47:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1686602849_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=21665#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=21665\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Americans haven\u2019t felt so confident about house prices since July 2022, despite high interest rates. Here\u2019s why.\",\"datePublished\":\"2023-06-12T20:47:28+00:00\",\"dateModified\":\"2023-06-12T20:47:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=21665\"},\"wordCount\":400,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=21665#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=21665\",\"url\":\"https:\/\/ifintechworld.com\/?p=21665\",\"name\":\"Americans haven\u2019t felt so confident about house prices since July 2022, despite high interest rates. Here\u2019s why. | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-12T20:47:28+00:00\",\"dateModified\":\"2023-06-12T20:47:30+00:00\",\"description\":\"Good news for house sellers. Bad news for buyers. U.S. consumers have high hopes for house prices, despite interest rates that have doubled over the last\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=21665#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=21665\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=21665#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Americans haven\u2019t felt so confident about house prices since July 2022, despite high interest rates. Here\u2019s why.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Americans haven\u2019t felt so confident about house prices since July 2022, despite high interest rates. Here\u2019s why. | iFintechWorld","description":"Good news for house sellers. Bad news for buyers. U.S. consumers have high hopes for house prices, despite interest rates that have doubled over the last","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=21665","og_locale":"en_US","og_type":"article","og_title":"Americans haven\u2019t felt so confident about house prices since July 2022, despite high interest rates. Here\u2019s why. | iFintechWorld","og_description":"Good news for house sellers. Bad news for buyers. U.S. consumers have high hopes for house prices, despite interest rates that have doubled over the last","og_url":"https:\/\/ifintechworld.com\/?p=21665","og_site_name":"iFintechWorld","article_published_time":"2023-06-12T20:47:28+00:00","article_modified_time":"2023-06-12T20:47:30+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1686602849_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=21665#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=21665"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Americans haven\u2019t felt so confident about house prices since July 2022, despite high interest rates. Here\u2019s why.","datePublished":"2023-06-12T20:47:28+00:00","dateModified":"2023-06-12T20:47:30+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=21665"},"wordCount":400,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=21665#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=21665","url":"https:\/\/ifintechworld.com\/?p=21665","name":"Americans haven\u2019t felt so confident about house prices since July 2022, despite high interest rates. Here\u2019s why. | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-12T20:47:28+00:00","dateModified":"2023-06-12T20:47:30+00:00","description":"Good news for house sellers. Bad news for buyers. U.S. consumers have high hopes for house prices, despite interest rates that have doubled over the last","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=21665#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=21665"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=21665#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Americans haven\u2019t felt so confident about house prices since July 2022, despite high interest rates. Here\u2019s why."}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/21665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21665"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/21665\/revisions"}],"predecessor-version":[{"id":21667,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/21665\/revisions\/21667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/21666"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}