Home Purchase Sentiment Is Up

The Fannie Mae Home Purchase Sentiment Index® (HPSI) jumped 5.5 points in March to 89.8, reversing last month's slight decline and reaching its highest point since June 2018. The index was 1.5 points ahead of the same month last year.
COMPONENT HIGHLIGHTS
The net share of Americans who say it is a good time to buy a home increased 7 percentage points to 22%. This component is down 10 percentage points from the same time last year.
The net share of those who say it is a good time to sell a home increased 13 percentage points to 43%. This component is up 4 percentage points from the same time last year.
The net share of those who say home prices will go up increased 5 percentage points to 38%. This component is down 4 percentage points from the same time last year.
The net share of Americans who say mortgage rates will go down over the next 12 months increased 7 percentage points to -45%. This component is up 7 percentage points from the same time last year.
The net share of Americans who say they are not concerned about losing their job decreased 1 percentage point to 80%. This component is up 9 percentage points from the same time last year.
The net share of those who say their household income is significantly higher than it was 12 months ago increased 2 percentage points to 20%. This component is up 3 percentage points from the same time last year.

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