Posted To: MND NewsWire

Consumers expressed more positive sentiments toward the housing market as 2021 arrived, sending Fannie Mae’s Home Purchase Sentiment Index (HPSI) a bit higher. The most significant gains came from increased optimism about the climate for selling a home. The index increased by 3.7 points to 77.7 in January, erasing at least a portion of its 6-point loss in December. Fifty-seven percent of consumers contacted by the monthly National Housing Survey said they felt it was a good time to sell a home, up 7 points from December, while those who viewed it as a bad time dropped 9 points to 33 percent. This left the net positive answers at 24 percent, a 16-point month-over-month increase and 21 points higher than in January of last year. Positive feelings about buying a home were unchanged from December…(read more)

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Source: Mortgage News Daily