Fannie Mae said “Consumers are increasingly adamant that
it’s a good time to sell, bad time to buy a home” as it released its June Home
Purchase Sentiment Index (HPSI). The index, based on the company’s monthly
National Housing Survey, shows a growing difference in the number of consumers
who hold one or another of those opinions. The HPSI was largely unchanged in June, dipping from 80.0 in May to
79.7, but questions of whether it is a good time to buy a home or to sell one produced
notable results. Only 32 percent of survey respondents said it was a good time
to buy, down from 35 percent in May and with an 8 point increase in those who
thought it was not.  As a result, the net
who were upbeat about buying fell 11 points to -32 percent, 66 points lower
than in June 2020. Conversely, the net who said it was a good time to sell rose
20 points in June to 62 percent and was 69 points higher than at the same time
last year.

 

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