Posted To: MND NewsWire

Consumers felt a little better about the wisdom of buying a home last month than they did in July, although that isn’t saying a lot. Fannie Mae says 32 percent of respondents to its August National Housing Survey (NHS) said it was a good time to buy, up from 28 percent in July. Those who said it was a bad time declined by 3 percentage points to 63 percent, leaving net positive responses at a negative 31 percent, 7 points higher than the prior month but down by 55 points year-over-year. Seventy-three percent of those surveyed said it was a good time to sell , but this was down from 75 percent in July and marked the second monthly decline. Net positive responses declined to 54 percent, down 1 point from July and 8 points compared to June. The six questions from the NHS that are used to construct…(read more)

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Source: Mortgage News Daily