Buyers More Confident Home Prices Will Go Down, New Survey Finds

Consumers are feeling optimistic about home prices, according to Fannie Mae’s latest poll, but why?

House with a home for sale and sold sign
(Image credit: Ariel Skelley)

More people are feeling optimistic about home prices and expect mortgage rates to fall, the latest poll from Fannie Mae shows.

The shift follows last week's announcement from the Federal Reserve on rate increases and Fed chair Powell voicing a possible pause on future interest rate hikes. This caused rates to dip slightly, and economists expect a decline in mortgage rates for the rest of 2023, going into 2024. 

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Vaishali Varu

Vaishali graduated in journalism from Leeds University, UK. She has worked for her local news outlet, the Leicester Mercury as well as writing personal finance stories for digital publications, The Money Edit, MoneyWeek and GoodToKnow. When she is not writing about money-saving, deals, finance hacks and other personal finance topics, Vaishali likes to travel and she's a foodie.