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| Boost From Buyers: Confidence in Housing Up |
| By Suzanne De Vita |
Confidence in housing again met an all-time high in September in the Fannie Mae Home Purchase Sentiment Index® (HPSI), propelled by optimism from buyers, including renters. The HPSI overall posted 88.3 in September, 0.3 percentage points higher than the month prior. "The biggest driver for the increase in the HPSI is the rebound in the good time to buy sentiment, which outweighed the largest drag: a sizable reduction in the net share of consumers expecting home prices to rise over the next year," says Doug Duncan, chief economist and senior vice president at Fannie Mae. "Details in the survey showed a meaningful pickup in the good time to buy component, especially from the renter respondents. ...
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