Fannie Mae Reports that Consumer Confidence in Housing Hits an All-Time High
HOME PURCHASE SENTIMENT INDEX – COMPONENT HIGHLIGHTS
Fannie Mae’s 2017 Home Purchase Sentiment Index (HPSI) increased in February by 5.6 percentage points to 88.3. The HPSI is also up 5.6 percentage points compared with the same time last year.
· The net share of Americans who say it is a good time to buy a house rose 11 percentage points to 40%, rebounding strongly from last month’s survey low.
· The net percentage of those who say it is a good time to sell increased by 7 percentage points to 22%, reaching a new survey high.
· The net share of Americans who say that home prices will go up increased by 3 percentage points in February to 45%.
· The net share of those who say mortgage rates will go down over the next twelve months remained constant for the third consecutive month at -55%.
· The net share of Americans who say they are not concerned about losing their job rose 9 percentage points to a new survey high of 78%.
· The net share of Americans who say their household income is significantly higher than it was 12 months ago rose 4 percentage points to 19% in February, continuing the increase from January and reaching a new survey high.
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