"Good Time to Buy" Sentiment Erodes Further

Consumers continue to have divergent opinions about the current environment for buying and selling a home. Fannie Mae says its September National Housing Survey (NHS) found a slightly higher number of respondents who think it is a good time to sell while opinions about buying have grown increasingly negative. The company's Home Purchase Sentiment Index (HPSI), based on responses to six questions on the survey, declined 1.2 points from August to 74.5 in September. Three of the survey components were down from the previous month and the index is 6.5 points lower than in September 2020. Only 28 percent of respondents said it was a good time to buy a home while 66 percent said it was not, resulting net positive responses of -38 percent. This is down 7 points from the net in August and is 54 points...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.