After climbing for three straight months Fannie Mae’s
Home Purchase Sentiment Index (HPSI) stalled in November, declining 1.7 points
to 80.0. The index based on six questions from the National Housing Survey, was
11.5 points lower than in November 2019. The two most closely watched components of the index are
those which measure consumers attitudes toward buying or selling a home and
they diverged during the month. Those who thought it was a good time to buy dropped
from 60 to 57 percent while those who said it was not a good time remained at
35 percent. This left the net good time responses at 22 percent, a 3-percentage
point loss for the month and 10 points lower on an annual basis.


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