Friday, March 29, 2024 | The Latest Buzz for the Appraisal Industry

Uptick in Home Purchase Sentiment Reflects Increased Confidence

By Jann Swanson

Posted To: MND NewsWire

Fannie Mae’s Home Purchase Sentiment Index (HPSI) for November rose slightly, but within the 0.5-point increase was some increased confidence about personal finances and the wisdom of buying a home. The index, which consolidates responses from a subset of questions on the company’s National Housing Survey, rose to 86.2 from 85.7 in November. The index is 1.6 points lower than in December 2017. A survey high record was set in the net share of Americans who reported their income was up significantly over the last 12 months. A 5-point increase brought the net share to 24 percent. Fifty-seven percent of respondents told pollsters it was a good time to buy a home while 34 percent disagreed. This resulted in net positive responses of 23 percent, up two points from October. The other component of…(read more)

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

Via:: Uptick in Home Purchase Sentiment Reflects Increased Confidence

      

Brent Bowen

Loosening The Knot

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can

Read More »

TOP RATED PRODUCTS

5/5