Mortgage News Daily |
A few more Americans decided it might be a good time to buy a home in November, but boy did they change their minds in December. Fannie Mae said the net positive responses to that question in its December National Housing Survey (NHL) plunged 12 points last month, dragging its Home Purchase Sentiment Index down to 83.5. This is 2.7 points lower than in November and down 2.3 points year-over-year.
The share of survey respondents who thought it was a good time to buy dropped 5 points to 52 percent while there was a 7-point increase in those who thought it was a bad time, to 41 percent. The resulting net of 11 points was the lowest in NHS history and 13 points lower than in December 2017. Net positive responses to whether it was a good time to sell went up 1 point to 36 percent and is 2 points higher than a year earlier.
