Confidence in Housing Sags as Sellers Shy Away

Confidence in housing sagged in July in the Fannie Mae Home Purchase Sentiment Index® (HPSI), with optimism weakening for both homebuyers and sellers due to limiting economic factors and unaffordability. The HPSI overall posted 86.8, down 1.5 percentage points from June, when the Index reached a second all-time high.
The share of homebuyers surveyed for the Index who believe now is a good time to buy dropped seven percentage points to 23 percent—an Index low. The share of sellers surve