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Seventy-Eight Percent of Consumers Say Now is a Bad Time to Buy a House

By , on July 10th, 2023

Every month Fannie Mae surveys consumers to gauge their sentiment toward whether its a good time to buy or sell a home and publishes the result in their Home Purchase Sentiment Index® (HPSI).  In the most recent HPSI report, 78% of the people surveyed said they felt now was a bad time to buy a home, this is a decline from 80% in May.  Conversely, 22% of consumers think now is a good time to buy a home up from 19% the month before.  Interestingly enough, everyone had an opinion as the percentage of those that did not dropped to 0%, the first time it’s hit zero in the history of the survey.

Still a good time to sell..

Now is a good time to sell according to 64% of the consumers surveyed, which is down from 65% the month before and 36% think it’s a bad time to sell, up from 34% the month before.

[xyz-ips snippet=”Homes-For-Sale”]

Fannie Mae Home Purchase Sentiment Index Chart

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

Is Now A Good Time To Sell?

(click on chart for the complete report)

Is Now A Good Time To Sell?

[xyz-ips snippet=”Homes-For-Sale”]

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