ESR SA

Type: Company
Name: ESR SA
First reported Apr 07 2014 - Updated Apr 08 2014 - 1 reports

Housing Activity Loses Some Steam, But Positive Signs Crop Up Heading into Spring Home Buying Season

Consumer Optimism Trending Upward Since Last YearWASHINGTON, April 7, 2014 /PRNewswire/ -- Recent month-to-month volatility in the housing market has softened the ongoing recovery. However, the majority of the Fannie Mae National Housing Survey indicators ... [Published Scottrade - Apr 07 2014]
First reported Mar 28 2014 - Updated Mar 28 2014 - 1 reports

News Release - Fannie Mae Extends Incentive Program For ... Fannie Mae Extends Incentive Program For HomePath Properties.

Housing Recovery Remains on Firm Footing as Americans' Housing Sentiment Bounces Back From an Autumn Dip Pete Bakel 202-752-2034WASHINGTON, DC – Year-over-year gains in Americans’ attitudes toward homeownership demonstrate that the housing recovery continues ... [Published Fannie Mae - Mar 28 2014]
First reported Mar 20 2014 - Updated Mar 20 2014 - 1 reports

Budding Economic Growth Expected in Spring and Summer As Harsh Winter Fades

Consumer Spending, Business Investment, and Housing Likely to Drive MomentumWASHINGTON, March 20, 2014 /PRNewswire/ -- Despite a deterioration in economic activity at the end of 2013 that has continued through the first quarter of this year, growth is ... [Published Scottrade - Mar 20 2014]
First reported Mar 10 2014 - Updated Mar 10 2014 - 2 reports

Housing Recovery Expected to Press On Despite Recent Volatility in...

PR NewswireWASHINGTON, March 10, 2014WASHINGTON"Similar to the noisy economic and housing data published over the past few months, we've seen a corresponding increase in volatility in our survey results, particularly for home price expectations and perceptions ... [Published MSN Money - Mar 10 2014]
First reported Feb 10 2014 - Updated Feb 10 2014 - 1 reports

Consumers Positive About Access to Mortgage Credit; Views Toward Economy Improving

WASHINGTONConsumer attitudes toward the economy also improved in January despite downbeat jobs data for the past two months. The share of consumers who believe the economy is on the right track climbed 8 percentage points to 39 percent, while the share ... [Published PR Newswire - Feb 10 2014]

Quotes

...rates and a lack of supply, have dampened housing market momentum," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "However, we see several positive signs going into this year's spring home buying season, compared with last year. For example, consumers are less pessimistic about their personal finances, and more optimistic about the current selling environment and their ability to get a mortgage. Still, those who are pessimistic about buying or selling a home today tend to point to economic conditions as the primary issue, and most consumers continue to say the economy is on the wrong track. Looking forward, we expect to see a pickup in economic growth later in the year, and this may boost the confidence of prospective buyers and sellers."
...mortgage rates will take a toll on home sales and homebuilding activity this year, although some modest gains are expected overall," said Duncan. "Housing starts are expected to rise nearly 20 percent to 1.1 million units this year. In particular, we believe new home sales will continue to perform well as the new home market faces less competition from foreclosures and distressed properties. In addition, supply remains low and time on the market is below the long-term average, which are positive signs for new home sales activity."
"Similar to the noisy economic and housing data published over the past few months, we've seen a corresponding increase in volatility in our survey results, particularly for home price expectations and perceptions about the ease of getting a mortgage" said Doug Duncan
...expectations and perceptions about the ease of getting a mortgage," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "Weather may have played a role, as suggested by a 6 percentage point jump over the past two months in the share of consumers who say their household expenses are significantly higher than a year ago. This response would be consistent with higher home heating costs. Despite the volatile month-to-month changes, we believe that the housing recovery is continuing, but is not yet robust."

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Housing Activity Loses Some Steam, But Positive... [Published Scottrade - Apr 07 2014]
News Release - Fannie Mae Extends Incentive Pro... [Published Fannie Mae - Mar 28 2014]
Budding Economic Growth Expected in Spring and ... [Published Scottrade - Mar 20 2014]
Housing Recovery Expected to Press On Despite R... [Published MSN Money - Mar 10 2014]
Housing Recovery Expected to Press On Despite R... [Published Scottrade - Mar 10 2014]
Consumers Positive About Access to Mortgage Cre... [Published PR Newswire - Feb 10 2014]
Cautious Consumers Stalling Housing Momentum [Published PR Newswire - Dec 09 2013]
Fiscal Debate Weighs on Fragile Economic Recovery [Published PR Newswire - Oct 17 2013]
Consumer Mortgage Rate Expectations Spike as Bu... [Published PR Newswire - Jul 08 2013]
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Cautious Consumers Stalling Housing Momentum [Published PR Newswire - Dec 09 2013]
Fiscal Debate Weighs on Fragile Economic Recovery [Published PR Newswire - Oct 17 2013]
Consumer Mortgage Rate Expectations Spike as Bu... [Published PR Newswire - Jul 08 2013]
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