Housing Sentiment in the Second Quarter of 2023
Freddie Mac’s quarterly housing outlook pulse survey evaluates public sentiment on housing-related issues. In the second quarter of 2023, market confidence remains unchanged quarter-over-quarter and remains below the rolling two-year average, while concerns about housing affordability and payments continue to be top-of-mind for both homeowners and renters.
We are also keeping a pulse on the following four key areas of the housing market.
- 43% are confident the housing market will remain strong over the next year. This is unchanged from last quarter, but down 8 percentage points compared to this quarter in 2022.
- 61% of renters and 29% of homeowners spend more than 30% of their monthly income on housing.
- 55% are concerned about making housing payments. This is true for 67% of renters and 45% of homeowners.
- 18% say they are likely to buy a home in the next six months.
- 16% of homeowners say they are likely to sell in the next six months.
- 19% of homeowners say they are likely to refinance in the next six months.
Freddie Mac’s Market Insights team partners with Heart+Mind Strategies to field its housing outlook pulse survey. This survey, conducted online May 11-20, 2023, included 1,132 interviews. Quotas were used to ensure a representative population on age, gender, ethnicity and region.
Interested in more consumer research? Gain insights into the housing market from surveys of homebuyers, homeowners and renters in Freddie Mac Consumer Research.