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Housing Market Sentiment Shifts: Buyer Optimism Hits All-Time Low as Seller Confidence Slightly Retreats from Record High

By , on October 10th, 2023

Every month, Fannie Mae surveys consumers to gauge their sentiment on whether it’s a good time to buy or sell a home. The results are published in their Home Purchase Sentiment Index® (HPSI). In the most recent HPSI report, 84% of respondents said they felt now was a bad time to buy a home. This is the highest percentage holding this view since the survey’s inception in 2012.

On the flip side, 63% of those surveyed believed now was a good time to sell a home. This is a slight dip from last month’s 66%.

As for interest rates, a mere 17% of consumers expect mortgage rates to decrease in the next 12 months


Fannie Mae Home Purchase Sentiment Index Chart

(click on chart for live, interactive chart)
Fannie Mae Home Purchase Sentiment Index Chart

 

[xyz-ips snippet=”Homes-For-Sale”]

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