“Over the past year, the HPSI has plateaued at a low level, evidence of persistent consumer pessimism regarding the state of the housing market,” said Doug Duncan, Fannie Mae SVP and Chief Economist.
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Despite those surveyed reporting job stability and personal financial improvements, Fannie Mae’s Home Purchase Sentiment Index still shows 82% of consumers reporting that it’s a “bad time to buy.”
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Consumer confidence in the housing market may have plateaued, according to Fannie Mae's Home Purchase Sentiment Index (HPSI), which remained mostly flat in June, as shrinking supply and affordability conditions continue to pose challenges.
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