The Home Purchase Sentiment Index (HPSI) for Fannie Mae had its first upward movement in nine months in November, suggesting some hints that homebuyers might be accepting the new reality of housing prices and interest rates. The index, which is a summary of responses to six questions from the National Housing Survey (NHS) conducted each month, increased by 0.6 points from its all-time low in October. At 57.3 right now, it is still 17.4 points behind where it was a year ago.
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