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| Home-Buying Confidence Springs Back |
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Confidence in home-buying is springing back, with more buyers optimistic about their ability to move off the fence and into the market, according to the recently released Fannie Mae Home Purchase Sentiment Index® (HPSI) for April. The HPSI bounced back 2.2 percentage points to 86.7 last month, up from 84.5 in March. Those surveyed for the Index who reported it being "a good time to buy a house" climbed 5 percentage points to 35 percent—but those who reported it being "a good time to sell" shifted 5 percentage points in the opposite direction, down to 26 percent. "The Home Purchase Sentiment Index returned to its longer-term tread line after reclaiming ground lost last month," says Doug Duncan, senior vice president and chief economist at Fannie Mae. ...
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A person's home is their castle, but sometimes that castle isn't big enough to accommodate all its occupants. Maybe you've got a baby on the way or an older parent is moving in with you. Maybe you need a workshop to keep up with your hobbies. Whatever the reason, it's normal to outgrow your space.
