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Fannie Mae: Consumers still wary of housing market

Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, decreased by 2.7 points to 79 in April 2021 after four of the survey’s six components decreased month over month. Notable was the drop in sentiment towards homebuying conditions, which was a net negative for the first time in the survey’s history. Year over year, the HPSI is...