Every month Fannie Mae surveys consumers about owning and renting a home as well as about other issues related to the housing market and economy and from the results publishes its Home Purchase Sentiment Index (HPSI). One of the components of the index is what the sentiment is on whether now is a good time to buy a home or sell a home. In April 2022, HPSI consumers’ sentiment on whether now is a good time to buy a home hit an all-time low with just 24% of respondents saying now is a good time to buy a home. As the charts below illustrate, 73% of respondents said now was a bad time to buy a home.
