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Homebuying Sentiment Up Sharply from 2018
Wednesday, January 8, 2020
Fannie
Mae's Home Purchase Sentiment Index
(HPSI) finished out the year with little change from November to December, but
with a strong increase over the December 2018 version. Three HPSI components
were up in December but those gains were offset by losses in the other three
resulting in only an 0.2 percent uptick for the month to a reading of 91.7. The largest month-over-month gain
was in the net share of those who expect home prices to rise over the next 12
months. The percentage of Americans holding that sentiment increased from 44
percent to 50 percent while 10 percent expect a decline, the same as in
November. This left the net of those expecting increases 6 points higher points
at 40 percent.
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