Optimism Over Selling Sends Housing Index to Record High


Posted To: MND NewsWire

Five out of the six components of Fannie Mae’s Home Purchase Sentiment Index (HPSI) gained ground in April, driving the index to a new all-time high . However, the sixth component showed consumers considerably less invested in it being a good time to buy a home. The HPSI rose 3.4 points to 91.7 in April, up 5 percentage points since April 2017. The responses broke through the previous high of 89.5 , reached in both December 2017 and January 2018. The milestone came despite a decrease of 3 percent in the net share of respondents who said now is a good time to buy a home. The net of 29 for that question was still way above the record low net of 18 from the survey last August. The net share reporting that now is a good time to sell a home increased 6 percentage points to 45 percent. This was a…(read more)

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