Housing Sentiment Continues to Sour as Economy Booms

Posted To: MND NewsWireDespite the success of the U.S. economy as of late, housing sentiment seems to have hit a rough patch . Fannie Mae said its Home Purchase Sentiment Index (HPSI) continued to decline in October, moving lower for the third time in four months. The index, based on responses to a portion of questions in the National Housing Survey, fell by 2.0 points to 85.7 with five of the six components posting declines and the fifth unchanged from September. The net share of Americans who say it is a good time to buy a house fell 5 percentage points to only 21 percent. The net is the result of subtracting negative responses from positive ones. Those saying it is a good time to sell was down by 3 points to 35 percent. That measure has dropped by 9 points since June. The net share of those who expect prices to…(read more)Forward this article via email:¬†¬†Send a copy of this story to someone you know that may want to read it.

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Michael Ayoub, Author NMLS ID 6631