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- Fannie Mae’s Home Purchase Sentiment Index (HPSI) decreased 2.1 points to 83.2 in June, down from May’s all-time survey high, as more consumers report mixed views toward housing and income growth.
- Among those surveyed, the share who said now is a good time to sell a home increased 5 percentage points on net to a survey-high of 18 percent, and those saying now is a good time to buy a home rose 3 percentage points on net to 32 percent.
- The share of consumers who expect home prices to go up over the next 12 months dropped 9 percentage points on net. In addition, those reporting that their household income is significantly higher than it was 12 months ago dropped 10 percentage points.
Cal Bureau of Real Estate Lic.# 01960213