Real estate daily market update: December 11, 2017

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 We’ll add more market news briefs throughout the day. Check back to read the latest.

Most recent market news

Monday, December 11

Fannie Mae Home Purchase Sentiment Index (HPSI)

  • Fannie Mae’s 2017 Home Purchase Sentiment Index (HPSI) increased in November by 2.6 points to 87.8. The HPSI is up 6.6 points compared with the same time last year.
  • The net share of Americans who say it is a good time to buy a home increased 7 percentage points to 29 percent, erasing last month’s 6 percentage point drop.
  • The net percentage of those who say it is a good time to sell a home increased by 4 percentage points to 34 percent.
  • The net share of Americans who say that home prices will go up rose 6 percentage points to 46 percent in November.
  • The net share of those who say mortgage rates will go down over the next 12 months fell 5 percentage point to -51 percent.
  • The net share of Americans who say they are not concerned about losing their job rose by 4 percentage points to 74 percent.
  • The net share of Americans who say their household income is significantly higher than it was 12 months ago remained unchanged at 14 percent.

Source: Fannie Mae

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