Earlier this month,Fannie Mae’sEconomic & Strategic Research Groupannounced the launch of theirHome Purchase Sentiment Index(HPSI). The index will distill results fromFannie Mae’s consumer-focusedNational Housing Surveyinto a single, monthly, predictive indicator. According to Doug Duncan, Senior Vice President and Chief Economist atFannie Mae, the goal for the new index is simple:
“The Fannie Mae Home Purchase Sentiment Index provides the market a single number to track consumer attitudes focused on the housing market. Utilizing our National Housing Survey, the only consumer sentiment survey of its kind focused on housing, the HPSI will offer insights regarding current and future-looking housing market outcomes and will complement existing data sources to inform housing-related analysis.”
Here is a graph of the findings of the HPSI from May 2011 until the current index. A higher number reflects a more positive sentiment from the consumer.
According to consumer sentiment, the housing market has made great strides over the last four years.
Author:Allison Gaddy Phone: 512-954-8800 Dated: September 20th 2015 Views: 228 About Allison: Allison co-founded the Gaddy Group and manages the company’s Austin, Texas operations.
Kick off the holiday season and celebrate the Zilker Tree 50th Ye
"OMG. This was my wife and my first time buying a home together. We were far less educated in this process then we thought we were. As a result we were on pins and needles with the waiting game with the building inspection, the appraisal, the waiting for the CTC. Just all of it. So we were constantly calling Tammy Spracklen with question after question. She never lost her composure nor was she at any time less then the professional realtor that she is. We closed on our home and Tammy did not stop there. She gave my wife and I both a housewarming gift and called to see if we were doing ok with moving in and to let us know that she was still available to us should we have any questions or concerns in the future.
In other words we LOVE OUR REALTOR"