HousingWire.com announced that “Americans have never felt better about buying a house than they do right now!” This optimistic statement was based on a recent Home Purchase Sentiment Index report from Fannie Mae.
The report showed that sentiment rose by 2.2 points in July, to 93.7. This represents a 7.2-point increase from last year’s level; additionally, this is a new high mark for this survey.
Fannie Mae Senior Vice President and Chief Economist Doug Duncan attributed the high marks to a strong job confidence and favorable mortgage rate expectations.
NOTE: Fannie Mae’s Home Purchase Sentiment Index is constructed from six questions, gauging the current views and forward-looking expectations of consumers navigating the housing market.
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