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Housing Sentiment Boosted by Perceived Sellers' Market

Thursday, October 8, 2015

In case you missed it, last month Fannie Mae began to transition the multi-graph and narrative report detailing results of its National Housing Survey (NHS) into a different format, the Home Purchase Sentiment Index (HPSI).  The Index distills responses to six survey questions about consumers' home purchase sentiment into a single number which the company says "reflects current and forward-looking housing market outcomes and complements existing data sources to inform housing related analysis and decision making." 

The HPSI summarizes consumers attitudes about whether it is a good or bad time to buy or to sell a house, what direction they expect home prices and mortgage interest rates to move, how concerned they are about losing their jobs, and whether their incomes are higher than they were a year earlier.           

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