When is it a Good Time to Buy a Home? NOW or NOT?
A record percentage of consumers (79%) surveyed by Fannie Mae say “not now.” High home prices and rising mortgage rates have pessimism at an all-time high. Fannie Mae issues a monthly HPSI (Home Purchase Sentiment Index,) a composite index designed to track consumers’ housing-related attitudes, intentions, and perceptions, using six questions from the National Housing …