Kansas City Home Sales Price to List Price Ratio

Economy Continues to Push Housing Higher, Despite Lackluster Consumer Confidence

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With more Americans reporting lower income prospects, Fannie Mae’s Home Purchase Sentiment Index™ (HPSI) decreased 2.4 points to 80.8 in November. The challenge of housing affordability coupled with tight supply may be preventing overall housing sentiment from gaining momentum as income growth isn’t keeping pace with the cost of housing.   Consumers’ net attitudes about the direction of their household income relative to a year ago fell 5 points during the month, setting this HPSI …