Rising mortgage rates, overheating home prices, nothing for sale, pre-election jitters â?? the list of reasons to lose confidence in the housing market is growing.
In fact, the share of consumers who think now is a good time to buy a home fell 5 percentage points in September in a monthly housing sentiment survey (known as HPSI) by Fannie Mae. The only drop that was bigger was the share of consumers who think mortgage rates will fall.
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