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Home Selling Sentiment at Record High; Lower Rates, Higher Rates?

Home Selling Sentiment at Record High; Lower Rates, Higher Rates?

Consumer attitudes toward both buying and selling improved in October, although the number who feel it is a good time to buy a home remains at record lows. The increases helped Fannie Mae's Home Purchase Sentiment Index (HPSI) eke out a 1-point gain from its September level, rising to 75.5. This is 6.2 points lower than the index in October 2020. The HPSI, is based on a subset of questions from Fannie Mae's National Housing Survey (NHS). The question regarding whether or not it is a good time to buy a home received positive responses from 30 percent of those surveyed for a net positive of -35 percent. This is 3 percentage points higher than in the September survey, but 60 points lower than a year ago. Asked the same question about selling a home, 77 percent said it was a good time, a 60 percent
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