Buyers More Positive About Housing Market

first_img The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: U.S. Homeowners’ Trillion-Dollar Quarter Next: Rising Prices and Rising Expectations Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles About Author: Aly J. Yalecenter_img Aly J. Yale is a longtime writer and editor from Texas. Her resume boasts positions with The Dallas Morning News, NBC, PBS, and various other regional and national publications. She has also worked with both the Five Star Institute and REO Red Book, as well as various other mortgage industry clients on content strategy, blogging, marketing, and more. Buyers More Positive About Housing Market Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Home / Daily Dose / Buyers More Positive About Housing Market  Print This Post Subscribe Fannie Mae Homebuyers housing market. hpsi sellers 2017-12-07 Aly J. Yale Homebuyers are becoming increasingly more positive about today’s housing market. According to Fannie Mae’s recent Home Purchase Sentiment Index (HPSI), the number of buyers who say now’s a good time to buy is up seven percentage points for the month—and is nearing its highest point on record.The HPSI for November weighed in at 87.8—up from just 85.2 in October and 82.2 last year. Currently, about 29 percent of consumers believe it’s a good time to buy a home.According to Doug Duncan, Fannie Mae’s Senior VP and Chief Economist, November’s HPSI indicates the market may be in for an upturn come 2018.“In November, the HPSI rebounded to near its all-time high, returning the index to its gradual upward trend and suggesting fairly stable consumer home-buying attitudes,” Duncan said. “These results are consistent with our expectation that the housing market will continue its modest expansion going forward. Next month’s survey should offer the public a first look at the influence that potential tax reform may have on consumers’ views toward housing and the broader economy.”The HPSI also showed that seller sentiment is up as well. The number of homeowners who believe now is a good time to sell jumped to 34 percent in November—up four percentage points over the month and 21 percentage points over the year.The number of consumers who believe home prices will rise in the next year also rose, increasing six percentage points for the month, as did the share of people who feel secure in their jobs, which jumped four percentage points in November. According to the HPSI, 46 percent say prices will rise in the next 12 months, while 74 percent say they are not concerned with losing their jobs.See the full results of the Home Purchase Sentiment Index at FannieMae.com. Tagged with: Fannie Mae Homebuyers housing market. hpsi sellers Data Provider Black Knight to Acquire Top of Mind 2 days ago December 7, 2017 1,624 Views last_img read more