Confidence in Housing Drops

The Fannie Mae Home Purchase Sentiment Index fell for the second straight month in December (Fannie Mae)

The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) fell for the second straight month in December to 74.0, a 6.0 point decline from November. Five of the six HPSI components decreased month over month, and consumers reported a substantially more pessimistic view of homebuying and home-selling conditions, which drove the relatively large monthly change. Year over year, the HPSI is down 17.7 points.