Home Purchase Sentiment Index increased 2.4 pointsStaff writer ▼ | January 11, 2016
Fannie Mae's Home Purchase Sentiment Index (HPSI) increased 2.4 points to 83.2 in December, capping off its strongest year thus far, as Americans' household income prospects bounced back to levels of three months ago.
Housing Coupled with an improved financial outlook
Coupled with an improved financial outlook, more consumers said they believe now is a good time to sell a home – climbing 4 percentage points on net – although the share who believe now is a good time to buy remained flat in December.
The net share of respondents who say that it is a good time to buy a house remained flat at 35%.
The net percentage of respondents who say it is a good time to sell a house rose after falling for two months in a row – rising 4 percentage points to 8% in December.
The net share of respondents who say that home prices will go up rose 2 percentage points to 40%.
The net share of those who say mortgage interest rates will go down continued to decrease, dropping 4 percentage points to negative 52%.
The net share of respondents who say they are not concerned with losing their job rose 3 percentage points to 72%. 85% of respondents say they are not concerned about losing their job, tying an all-time survey high.
The net share of respondents who say their household income is significantly higher than it was 12 months ago rose 9 percentage points to 15%. ■