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Housing Sentiment May Be Bouncing Back
Thursday, February 7, 2019
Respondents to Fannie Mae's January National Housing
Survey adopted a new outlook to go along with the new year, primarily in
responses about their personal financial situation. As a result, the Home Purchase Sentiment
Index (HPSI) increased 1.2 point to 84.7, taking back some of the 2.3 points it
shed in December.
The improvement was driven by an 8-point increase in
the net share of respondents reporting higher income than 12 months earlier. At
27 percent, that net is 11 points higher than in January 2018. This was partially offset by a 6-point decline
in the net percentage of those who said they were not concerned about losing
their job. The net of 73 percent is
unchanged from a year ago.
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