Americans More Confident in Housing than Ever Before
March 13, 2017
The Fannie Mae Home Purchase Sentiment Index (HPSI) recently showed a surge in confidence for home buyers. Now is “a good time” to buy or sell a home because optimism and confidence are higher than ever before. “The latest post-election surge in optimism puts the HPSI at its highest level since its starting point in 2011,” says Doug Duncan, chief economist at Fannie Mae. Index numbers continue to soar, and recent research shows seventy-eight percent believe they are secure in their jobs, and 19 percent are reporting higher incomes this past year. The Index shows that forty percent of Americans believe now more than ever may be a good time to buy a house. These recent numbers may be having a positive effect on millennials perception of purchasing their first home. Recently, more millennials have been moving out of their parent’s homes and forming new households. American’s, young and old, can find solace in the Home Purchase Sentiment Index, because strong number reflect a strong economy.