Housing Sentiment Inches Higher

Fannie Mae’s 2019 Home Purchase Sentiment Index (HPSI) increased in August by 0.1 points to 93.8. The HPSI is up 5.8 points compared to the same time last year.
  • The net share of Americans who say it is a good time to buy a home decreased 1 percentage point to 25%. This component is up 4 percentage points from the same time last year.
  • The net share of those who say it is a good time to sell a home decreased 4 percentage points to 40%. This component is up 2 percentage points from the same time last year.
  • The net share of those who say home prices will go up over the next 12 months decreased 1 percentage point to 36%. This component is down 2 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 11 percentage points to -17%. This component is up 35 percentage points from the same time last year.
  • The net share of Americans who say they are not concerned about losing their job over the next 12 months decreased 4 percentage points to 77%. This component is down 3 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 remained unchanged at 21%. This component is down 1 percentage point from the same time last year.

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