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News & Press: Industry News

Housing Sentiment Remains Volatile, Edges Back Up

Tuesday, April 17, 2018  
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The Fannie Mae Home Purchase Sentiment Index (HPSI) rose 2.5 points in March to 88.3, reversing last month’s decrease. The increase can be attributed to increases in three of the six HPSI components. The net share of respondents who said now is a good time to buy a home increased 10 percentage points compared to February. Additionally, the net share who reported that now is a good time to sell a home increased 3 percentage points. The net share who said home prices will go up in the next 12 months decreased to 3 percentage points in March, while the net share of consumer who said mortgage rates will go down over the next 12 months also increased 5 percentage points. The primary driver of this month’s increase was the sizable rise in the net share of consumer who think it’s a good time to buy a home.

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
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