More Americans Believe Now is A Good Time To Purchase A Home

The Fannie Mae Home Purchase Sentiment Index, which measures consumer confidence in the US housing market, rose 3.3 points in August, indicating that consumers believe now is a good time to purchase a home despite the Covid 19 pandemic and high unemployment rates. Nearly 60 percent of respondents surveyed responded affirmatively when asked if it's a good time to purchase a home, with many citing continuing low home mortgage interest rates and a belief that home prices will continue rising in the coming years.

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