“Within the past few months, there are some signs that gains in housing may be leveling off.” —David M. Blitzer, Fannie Mae

WASHINGTON, DC—As interest rates are poised to rise and housing prices continue to climb, consumers are becoming a bit glum about the housing market. The latest indicator of consumer sentiment comes from Fannie Mae’s Home Purchase Sentiment Index (HPSI), which fell 3.7 points in February to reach 85.8, reversing last month’s increase. It is also down 2.5 points compared with the same time last year.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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