Consumer sentiment toward housing reached its highest level since March 2022, fueled by increased confidence in job security and a higher share of people who expect mortgage rates to decrease.

Fannie Mae’s home purchase sentiment index (HPSI) — which tracks the U.S. housing market and consumer confidence to sell or buy a home — rose 3.5 points in January to 70.7. The full index is up 9.1 points from 12 months ago.

In January, 82% of consumers indicated that they are not concerned about losing their job in the next 12 months, up from details ⇒

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