Consumer Confidence Slips...Even as the Housing Market Tilts Toward Buyers

Despite signs that the national housing market is shifting in favor of buyers, consumer confidence has taken a hit, according to Fannie Mae’s latest Home Purchase Sentiment Index. In June, the index dropped to 69.8, ending a three-month streak of gains and marking one of the lowest points since early 2024.

This decline is noteworthy because it contradicts key housing market trends:

• Home price growth has slowed or stopped in several markets.

• Inventory has increased, giving buyers more options and leverage.

• Some economists believe buyer power will grow through the remainder of the year.

So why the disconnect?

📉 Fannie Mae's June survey found that consumer pessimism rose in five out of six categories, including:

• Job security

• Mortgage rate expectations

• Household income confidence

• Home price expectations

• Perceived selling conditions

Only one category, buying conditions, showed improvement, aligning with what real estate professionals are seeing on the ground.

Erika Ludvigsen of Homes.com emphasized that the increase in listings is boosting buyer negotiating power, signaling a continued move away from a seller’s market.

For those navigating real estate in Colorado Springs, this national sentiment may not match local trends. That’s why I continue to monitor both national and hyperlocal data—to ensure my clients have the most relevant and timely insights when buying or selling.

If you’re thinking about making a move, or just want to understand how broader trends may impact your home’s value in Colorado Springs, let’s talk.

👉 Read the full article here
Source: Moira Ritter, CoStar, July 7, 2025