The share of renters who say now is a good time to purchase a home is at its highest level in five years, according to the latest reading from Fannie Mae’s Home Purchase Sentiment Index. Homeowners are also starting to feel more optimistic about selling.
Four of six components that the index measures increased in June over May. But the index, which measures American sentiment about the housing market, still remains down by 15 points over the last few months. In April, the index had reached a record low as the COVID-19 pandemic ignited in the U.S.
“A second month of improvement in June allowed the HPSI to regain some of the sharp losses in optimism observed in March and April,” says Doug Duncan, Fannie Mae’s chief economist.
Read the story online here: 61% of Americans Say Now Is a Good Time to Buy