The most recent Fannie Mae Home Purchase Sentiment Index (HPSI) shows that consumers are feeling optimistic about the state of the market—and what it means for the home buying process.
The HPSI increased 2.7 points in November to 91.5. That was not only a rebound from the prior month’s decline, but also approached the survey’s record high.
Some of the most telling (and optimistic!) statistics from the HPSI include:
- 61 percent of Americans say now is a good time to buy—up from 57 percent in October;
- Only 29 percent of Americans say now is a bad time to buy—down from 36 percent in October;
- 50 percent of Americans believe home prices will stay the same or go down over the next 12 months
What does this mean for you? If you’re thinking about selling, it might be a good time for you to put your house on the market and capitalize on buyer optimism and confidence in the market.