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Buyers and Sellers Both More Upbeat in 2021
Tuesday, February 9, 2021
Consumers expressed more positive
sentiments toward the housing market as 2021 arrived, sending Fannie
Mae's Home Purchase Sentiment Index (HPSI) a bit higher. The most significant
gains came from increased optimism about the climate for selling a home. The index increased by 3.7 points to
77.7 in January, erasing at least a portion of its 6-point loss in December. Fifty-seven
percent of consumers contacted by the monthly National Housing Survey said they
felt it was a good time to sell a home, up 7 points from December, while those
who viewed it as a bad time dropped 9 points to 33 percent. This left the net
positive answers at 24 percent, a 16-point month-over-month increase and 21
points higher than in January of last year.
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