Fannie Mae Publishes National Housing Survey Results 

Fannie Mae has published the results of its August 2025 National Housing Survey® (NHS), which includes the Home Purchase Sentiment Index® (HPSI), a measure of consumer sentiment toward housing. Month over month, the HPSI decreased 0.4 points to 71.4. Year over year, the HPSI is down 0.7 points.
Four out of six HPSI components decreased this month, namely Home Price Outlook, Job Loss Concern, Selling Conditions, and Change in Household Income. These decreases lightly outpaced large increases in Mortgage Rate Outlook and Buying Conditions.
The net share of consumers (-44%) who say it is a good time to buy a home increased 9 percentage points since last month. The share who say it is a good time to buy increased 5 percentage points (28%), while the share who say it is a bad time to buy (72%) decreased 5 percentage points 

About the ESR Group
Fannie Mae’s Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumers and mortgage lenders to inform forecasts and analyses on the economy, housing, and mortgage markets.