Fannie Mae’s Home Purchase Sentiment Index zoomed to an all-time high in
May as consumers get more upbeat about their paychecks and home
selling. In May, the index reached a reading of 85.3, which follows an
18-month low reached in March.
Here’s a closer look at some of the findings from Fannie Mae’s latest index reading:
29 percent of Americans say now is a good time to buy a home, a
drop of 1 percentage point from March and an all-time survey low for the
second consecutive month.
52 percent of consumers believe now is a good time to sell a home – an all-time survey high.
42 percent of Americans believe that home prices will go up.
72 percent of Americans say they are not concerned with losing their job, a drop of 2 percentage points from March.
18 percent of Americans say their household income is significantly
higher than it was a year ago, up 7 percentage points from March and at
an all-time survey high.