Posted To: MND NewsWire

After its third straight month of gains, Fannie Mae’s Home Purchase Sentiment Index (HPSI) is now at 81.7, up 0.7 point from September. The October increase was the fifth in the six months since the Index, based on some components of the National Housing Survey, bottomed out at a pandemic generated nine year low of 63.0. The index is still down 7.1 points from its October 2019 level. Three of the HPSI components increased in October. Questions on whether it is a good time to buy a home or to sell one both generated increased positive responses than in September. The percentage of respondents who say it is a good time to buy increased from 54 percent to 60 percent, while the percentage who say it is a bad time to buy decreased from 38 percent to 35 percent. As a result, the net share of Americans…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: Mortgage News Daily