Fannie Mae’s Home Purchase Sentiment Index (HPSI) declined slightly in February as did four of its six components. The Index, based on a sample of answers to the company’s monthly National Housing Survey, dipped 1.2 points to 76.5. It is down 16 points from its level in February 2020. Consumer sentiment soured significantly on the question of whether it is a good time to buy a house . Forty-eight percent of respondents called it a good time and 43 percent a bad time for a net positive of 5 percent. This is down 10 points compared to January and 23 points lower year-over-year. Attitudes toward selling a home fared a little better. Those who say it is a good time to sell decreased from 57 percent in January to 55 percent, while the percentage who say it’s a bad time to sell increased from 33

2021-03-09 16:31:12

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Courtesy of Mortgage News Daily

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