Home Purchase Sentiment Index decreases to 81.5 in JanuaryStaff writer ▼ | February 9, 2016
Fannie Mae's Home Purchase Sentiment Index (HPSI) decreased 1.7 points to 81.5 in January, with housing affordability constraints reflected in the downward movement of two of the HPSI components.
Homes The downward movement
The net share of respondents who say that it is a good time to buy a house fell 4 percentage points to 31%. An all-time survey low was equaled as only 61% of respondents say it is a good time to buy a house.
The net percentage of respondents who say it is a good time to sell a house rose 1 percentage point to 9%.
The net share of respondents who say that home prices will go up fell 3 percentage points to 37%.
The net share of those who say mortgage interest rates will go down remained at negative 52% this month.
The net share of respondents who say they are not concerned with losing their job fell 1 percentage point to 71%. An all-time survey high was maintained as 85% of respondents say they are not concerned about losing their job.
The net share of respondents who say their household income is significantly higher than it was 12 months ago fell 3 percentage points to 12%. ■