August 2024 By the numbers:.

According to an article in National Mortgage News, the Home Purchase Sentiment Index (HPSI) for August 2024 showed that 17% of respondents believe it is a good time to buy a home, while 83% believe it is a bad time to buy. The percentage of respondents who believe it is a good time to sell a home remained unchanged at 65%, while 34% believe it is a bad time to sell. The article also mentions a decrease in the percentage of respondents who expect home prices to go up in the next 12 months, as well as a decrease in the percentage of respondents who expect mortgage rates to go up. Additionally, the Mortgage Applications MBA Week of Sept. 18th Survey showed an increase in the Market Composite Index and the Refinance Index compared to the previous week. [Extracted from the article]