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Americans’ confidence in housing hits low point for the year

November 08, 2018 / Kelsey Ramírez

Americans are growing less confident in the housing market, reaching a low point for the year as they say now is not a good time to buy a home. Fannie Mae’s latest Home Purchase Sentiment Index decreased in October, falling two points to 85.7 and continuing its recent downward trend. Consumer confidence in housing recently hit a survey high during the spring home buying season, however, since then, it has been dropping and hit its lowest point in a year in October.