Posted To: MND NewsWire
The net number of consumers who told Fannie Mae surveyors in April they think it is currently a good time to sell a house soared in April. However, its impact on Fannie Mae’s Home Purchase Sentiment Index (HPSI) was muted by lower net responses to some other survey components. The HPSI increased 3.5 points to 83.7 after setting a new low in March. The increase was driven by a 16-point net increase in the net number of respondents to Fannie Mae’s National Housing Survey (NHS) who thought it was currently a good time to sell a house. Despite the spike in that specific response Fannie Mae said overall consumer housing sentiment has remained generally flat . The HPSI is calculated from responses to six of the more than one hundred questions asked by the monthly NHS. The Good Time to Buy component…(read more )