The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 1.8 points in September to 73.9, its highest level in over two years, driven by record consumer optimism that mortgage rates will decline.
The Fannie Mae Home Purchase Sentiment Index® saw a slight increase in July as consumer sentiment on job security and household income improved or remained high. But 82% of respondents believe it’s a bad time to buy a home—up from 78% in June.
Byron Lazine, Lisa Chinatti, and Tom Toole discuss the results of the latest Fed meeting, buyer sentiment lagging at near-historic lows, and a revised Fannie Mae forecast calling for a mild recession and a decline in home prices.
The Fannie Mae Home Purchase Sentiment Index® (HPSI) continued its recent upward trend in April, climbing 5.5 points to 66.8—the highest since May 2022.
With month-over-month drops in four HPSI components, the Fannie Mae Home Purchase Sentiment Index, dropped 3.6 points to 58.0 in February, breaking its three-month streak of improvements in housing sentiment and pulling the index closer to its all-time low.
High home prices and elevated mortgage rates have taken a toll on consumer perceptions of the housing market. In January, the Fannie Mae Home Purchase Sentiment Index (HPSI) rose for the third consecutive month but fell 10.2 points year-over-year.
The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 3.7 points in December 2022 to 61.0. While that number is only slightly higher than the all-time low index set in October, for agents on the ground, buyer activity has significantly increased in January 2023.
The Fannie Mae Home Purchase Sentiment Index® dropped to a new low in October. Here is a full breakdown of the survey.
The results of the latest Fannie Mae survey show a decline in the Home Purchase Sentiment Index to its lowest level since October 2011. Here’s what you need to know.
Fannie Mae’s Home Purchase Sentiment Index® shows a drop in consumer confidence. But what are consumers comparing the current housing market to?
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