Home Purchase Sentiment Increased

Awesome news! The market continues to climb back from the great recession. This is evidenced by growth in major Cities nationwide and by the mortgage industry indicators and statistics.

One of these “markers” is the Fannie Mae Home Purchase Sentiment Index. This is one of the US Government departments that deal with housing.

Check out the full article I have excerpted below:


HOME PURCHASE SENTIMENT INDEX INCREASES TO 83.7 IN APRIL

Fannie Mae’s April 2016 Home Purchase Sentiment Index (HPSI) rose 3.5 percentage points in April to 83.7. More consumers think home prices will go up over the next 12 months compared to March, and slightly fewer consumers expect Mortgage Rates to go up over the next 12 months. Overall, the HPSI is up 1.4 points since this time last year.

  • The net share of American who say that it is a greal-estate-palm-springs5ood time to buy a house fell 3 percentage points to 30 percent, 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 percent.
  • The net share of respondents who say that home prices will go up r
    ose 3 percentage point to 37 percent, 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 percent.
  • The net share of respondents who say they are not concerned with losing their job rose 6 percentage points to 74 percent, 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 same at 11 percent.

http://www.fanniemae.com/portal/about-us/media/corporate-news/2016/6386.html