Homebuyer Optimism Continues to Shrink

Source: National Mortgage News

Buyer attitude about the housing market in September was at its lowest point in nearly 11 years, when the overhang of the Great Recession drove sentiment, Fannie Mae reported.

Its Home Purchase Sentiment Index declined for the seventh consecutive month, dropping 1.2 points to 60.8 in September from 62 in August. While the index was first made public for August 2015, a retrospective look put the index at 60.2 for October 2011.