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A record 82% of consumers reported that it’s a “bad time to buy” a home

Consumers’ increased confidence regarding their personal financial situations was largely offset by greater pessimism toward home-buying conditions, Fannie Mae’s home purchase sentiment index (HPSI) showed.

The HPSI — which tracks the housing market and consumer confidence to sell or buy a home — rose a mere 0.8 points to 66.8 in July. The full index is up 4 points year over year.

A total of three of HPSI’s six components increased month over month — including the components measuring job security and home price expectations.

However, 82% of consumers reported that it’s a “bad time to buy” a home, details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com