A monthly Home Purchase Sentiment Index conducted by Fannie Mae fell 2.3% from the month before. Doug Duncan, SVP and Chief Economist at Fannie Mae noted that many consumer’s views about the economy held steady, while the number of respondents claiming that now is “a good time to buy or sell” a home increased vs. the previous month.
Mr. Duncan went on to say, “However, consumers who are pessimistic about the current housing market are more likely to cite unfavorable economic conditions than the month prior…”