Consumer attitudes toward both buying and
selling improved in October, although the number who feel it is a good time to
buy a home remains at record lows. The increases helped Fannie Mae’s Home
Purchase Sentiment Index (HPSI) eke out a 1-point gain from its September
level, rising to 75.5. This is 6.2 points lower than the index in October 2020. The HPSI, is based on a subset of
questions from Fannie Mae’s National Housing Survey (NHS). The question
regarding whether or not it is a good time to buy a home received positive responses
from 30 percent of those surveyed for a net positive of -35 percent. This is 3 percentage
points higher than in the September survey, but 60 points lower than a year
ago.

 

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