Homebuyer Sentiment Down in April 2025

For the past several years, the share of those who believe it's a good time to buy a home has stayed below 30%. April data was more of the same
May 9, 2025
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Young couple realizes it is a bad time to buy a home while speaking to a real estate agent
Many would-be buyers are temporarily hanging up the idea of purchasing a home this year.

Prospective homebuyers remain cautious about the current state of the housing market. According to National Mortgage Professional, which cites recent April data from Fannie Mae, just 23% of respondents think it's a good time to buy a home, while 77% say it is not a good time to buy. The share of those who believe it is a good time to buy has remained below 30% for the last several years, likely due to the ongoing lack of affordable housing. Additionally, from March to April, the share of those who feel it's a good time to sell dropped 13 percentage points to 17%.

Yet, at the same time, consumers are also feeling more secure in their jobs, and more households are reporting income gains — meaning potential homebuyers may be persuadable, if presented with creative financing solutions or compelling value opportunities.

Overall, while there are some signs of improved economic confidence, affordability challenges clearly continue to weigh on consumer sentiment, highlighting the need for tailored strategies in the mortgage industry. Read more

 

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