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Consumer confidence in housing dips in U.S.

Christian Fernsby |
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 2.3 points in July to 74.2, moderating slightly after two consecutive months of advances.

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Topics: U.S.   

Year over year, the HPSI is down 19.5 points.

The percentage of respondents who say it is a good time to buy a home decreased to 53%, while the percentage who say it is a bad time to buy increased 38%.

As a result, the net share of Americans who say it is a good time to buy decreased 19 percentage points.

The percentage of respondents who say home prices will go up in the next 12 months increased this month from 34% to 35%, while the percentage who said home prices will go down decreased from 25% to 23%.

The share who think home prices will stay the same increased from 31% to 34%.

As a result, the net share of Americans who say home prices will go up increased 3 percentage points.


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