Home Buying/Selling Attitudes; Mortgage Apps 19-Mo Low; Sales Cooled, but Prices Didn’t; Zillow Q&A

Home Buying/Selling Attitudes; Mortgage Apps 19-Mo Low; Sales Cooled, but Prices Didn’t; Zillow Q&A

Attitudes about buying and selling a home degraded in July. Fannie Mae said its National Housing Survey (NHS) for the month found a net decrease among respondents of 4 percentage points who thought it was a good time to buy a home and a net decrease of 6 points in those who think it is a good time to sell. Those two components of the company's Home Purchase Sentiment Index (HPSI) helped pull it lower for the second consecutive month. The Index dropped 4.2 points to 86.5, after reaching survey highs in April and May. Two others of the six components fell as well. The net responses that it is a good time to sell have trended higher since January of last year and hit a survey high in June, but the 6-point drop last month took the net down to 41 percent. Positive sentiments about buying netted