Tuesday, September 26, 2023 | The Latest Buzz for the Appraisal Industry

Consumers Continue Expressing Pessimism with Housing Market, Fannie Mae Reports

Fannie Mae’s Home Purchase Sentiment Index (HPSI) shows a decrease of 3.4 points in June to 64.8, its second-lowest reading in a decade. Surveyed consumers continue to express pessimism about homebuying conditions, with only 20% of respondents reporting it’s a good time to buy a home, while the percentage of consumers who believe it’s a “Good Time to Sell” fell from 76% to 68% this month.

Overall, four of the index’s six components decreased

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