Fannie Mae’s Home Purchase Sentiment Index Increases 3.5 points to 83.7 in April

Fannie Mae announced that Home Purchase Sentiment Index (HPSI) increased 3.5 points to 83.7 in April from an 18 month low in March.  More consumers think home prices will go up over the next 12 months, and fewer consumers expect Mortgage Rates to go up over the next 12 months.  The followings are the Fannie Mae’s HPSI result:

    The net share of American who that it is a good time to buy a house fell 3 percentage points to 30%, reaching an all-time survey low.

    Selling sentiment approached its all-time survey high in March, with the net percentage of those who say it is a good time to sell rising 16 percentage points to 15%.

    The net share of respondents who say that home prices will go up rose 3 percentage point to 37%, continuing the rising trend from March.  

    The net share of respondent who say that home prices will go up rose 3 percentage point to 37%, continuing the rising trend from March.

    The net share of those who say mortgage interest rates will go down fell 1 percentage point to negative 46%.

    The net share of respondents who say they are not concerned with losing their job rose 6 percentage points to 74%, nearly making up the 7 percentage point decrease in March.

    The net share of respondents who say their household income is significantly higher than it was 12 months ago remained the sale at 11%.

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