Housing confidence highest since 2011

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Fannie Mae’s Home Purchase Sentiment Index (HPSI) made, what for it, was a significant jump in July, reaching the highest level in the history of the National Housing Survey from which it is derived. The index rose 3.3 points to 86.5 reflecting, the company said, a pick-up in housing market indicators and wages. It might also signal a shift among the millennial generation toward buying rather than renting.

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