60% of Americans Agree Now is a Good Time to Buy a Home

by | Jul 13, 2020 | FHA Mortgage, Mortgage Information, Other Information, Real Estate, VA Mortgage |

Fannie Mae’s Home Purchase Sentiment Index tracks consumer’s housing-related attitudes, intentions, and perceptions. Although this metric is down 15 points year-over-year, June’s gain marked the second rise in the HPSI in a row. According to this report, over 61% of Americans believe it’s a good time to buy a home, increasing by 9% since May’s polling. The share of people currently renting who believe it’s a good time to buy a home has reached a five year high, signaling favorable conditions for first-time home buyers. Low mortgage interest rates and high consumer confidence make now a great time to consider buying a home.