Consumer optimism over home purchasing drops

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Fannie Mae’s January Home Purchase Sentiment Index dropped 1.7% from December.

March 03, 2016
Consumer optimism over home purchasing drops

Photo: David Sawyer/Creative Commons.

Fannie Mae’s January Home Purchase Sentiment Index dropped 1.7% from December, spurred by static wages and rising home prices, according to Realtor.com. 

Only 31% of the 1,000 surveyed said it was a good time to buy a home. Just 12%, 3% less than in December, said their household income was significantly higher than it was a year ago.

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