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Housing Sentiment Continues to Sour as Economy Booms

Despite the success of the U.S. economy as of late, housing sentiment seems to have hit a rough patch.  Fannie Mae said its Home Purchase Sentiment Index (HPSI) continued to decline in October, moving lower for the third time in four months.  The index, based on responses to a portion of questions in the National Housing Survey, fell by 2.0 points to 85.7 with five of the six components posting declines and the fifth unchanged from September. The net share of Americans who say it is a good time to buy a house fell 5 percentage points to only 21 percent. 

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