Homebuying Sentiment Up Sharply from 2018

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Posted To: MND NewsWire

Fannie Mae’s Home Purchase Sentiment Index (HPSI) finished out the year with little change from November to December, but with a strong increase over the December 2018 version. Three HPSI components were up in December but those gains were offset by losses in the other three resulting in only an 0.2 percent uptick for the month to a reading of 91.7. The largest month-over-month gain was in the net share of those who expect home prices to rise over the next 12 months . The percentage of Americans holding that sentiment increased from 44 percent to 50 percent while 10 percent expect a decline, the same as in November. This left the net of those expecting increases 6 points higher points at 40 percent. The net share of Americans who say mortgage rates will go down over the next 12 months fell…(read more)

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