Housing Enthusiasm Ebbed After Last Month’s All-Time Highs -Fannie Survey


Posted To: MND NewsWire

Fannie Mae blamed diminished confidence in both buying and selling a home for a 3.1 percentage point drop in its Home Purchase Sentiment Index (HPSI) last month. The Index fell, after tying the all-time high of 88.3 in September, to 85.2 in October. Net positive responses to four of the six components of the HPSI, which is based on the National Housing Survey (NHS), declined. The net share of respondents who said it is currently a good time to sell a home decreased by 8 points from its level in September. The resulting 30 percent net share was still 11 points higher than a year earlier. The net share of those who indicated it is a good time to buy a home was down 6 points to 22 percent, wiping out much of its 10-point increase in September. Americans also expressed a decreased sense of job…(read more)

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