The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 5.6 percentage points in February to 88.3, a new all-time high. Five of the six components that comprise the HPSI were up, and three hit record highs.
Highlights from the HPSI include:
- The net share of Americans who say it is a good time to buy a house rose 11 percentage points to 40 percent, rebounding strongly from last month’s survey low.
- The net percentage of those who say it is a good time to sell increased 7 percentage points to 22 percent, reaching a new survey high.
- The net share of Americans who say that home prices will go up increased 3 percentage points in February to 45 percent.
- The net share of those who say mortgage rates will go down over the next 12 months remained constant for the third consecutive month at -55 percent.