Despite economic unknowns, Americans' confidence in housing remains strong, according to the Fannie Mae Home Purchase Sentiment Index® (HPSI), recently released.
 
Both homebuyer and homeowner optimism rose in September, with 28 percent of Americans believing now is a good time to buy a home, and 44 percent believing now is a good time to sell a home, the Index shows.
 
"Consumer sentiment remains relatively strong overall, though uncertainty about the economy and individual financial circumstances appear to be weighing on housing market attitudes a bit more than a month ago," Doug Duncan, chief economist at Fannie Mae, says. "Views about the direction of the economy held relatively steady, and the share of respondents who say it's a good time to buy or sell a home rose slightly.
 
"However, consumers who are pessimistic about current housing market conditions are more likely to cite unfavorable economic conditions than the prior month. Job confidence remains high but still well shy of its July reading. Despite some added uncertainty, the September HPSI indicates continued strength in housing market attitudes and is consistent with recent data on housing activity."
 
Source: Fannie Mae

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