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“Good Time to Buy” Sentiment Bounces Back

It appears that, while Americans are generally upbeat about the economy, housing, and their own financial fortunes, they have a little difficulty maintaining those sentiments.  Fannie Mae said today that its Home Purchase Sentiment Index (HPSI) reversed direction again in September, falling 0.3 point to 87.7. The downturn did not erase the strong August results; the index gained 1.5 points, recovering from two straight months of loss. The September HPSI, which is based on some responses to Fannie Mae's National Housing Survey (NHS), dipped because of declines in three of its six components including the two reflecting sentiment about personal finances. 

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