HPSI stands for Home Purchase Sentiment Index. The most detailed consumer attitudinal survey of its kind, Fannie Mae’s National Housing Survey (NHS) polled approximately 1,000 Americans via live telephone interview to assess their attitudes toward owning and renting a home, home and rental price changes, home-ownership distress, the economy, household finances, and overall consumer confidence.
Homeowners and renters are asked more than 100 questions used to track attitudinal shifts, six of which are used to construct the HPSI.
The HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions and complements existing data sources to inform housing-related analysis and decision making.
The HPSI increased 9.0 points in June to 76.5, building further on the prior month’s advance after approaching a survey low in April. Four of the six HPSI components increased month over month, with consumers reporting a significantly more positive view of homebuying and home-selling conditions, as well as greater optimism regarding home price appreciation. Year over year, the HPSI is down 15.0 points.
It is rare to be able to both buy and sell at a good time, but with home values escalating due to low inventory it is an ideal time to sell. With interest rates as low as they are it is a great time to buy.
At Austin HomePage Real Estate we have the experience and knowledge of the best ways to Sell and/or Buy your next home. Contact us now for a complimentary virtual meeting to discuss how we can meet your Real Estate needs.