Fewer Americans believe now is the best time to buy or sell a home, according to the latest Home Purchase Sentiment Index (HPSI) from the Federal National Mortgage Association (OTC:FNMA).
What Happened: In the January HPSI data survey of approximately 1,000 adults, a record-low 25% of respondents stated this is a good time for a home purchase, compared to 69% of respondents who believed it was a good time to sell a residential property. However, the December HPSI found 76% of respondents were optimistic about selling opportunities while 26% felt positive about homebuying.
