July 2025 Home Purchase Sentiment Index Report

This report presents the July 2025 Data Release of the Home Purchase Sentiment Index (HPSI), which is a composite index that tracks consumer attitudes, intentions, and perceptions related to housing. The HPSI increased by 2.0 points to 71.8 in July, with four out of six components showing improvement. Notably, the components that increased include Job Loss Concern, Home Price Outlook, Mortgage Rate Outlook, and Change in Household Income. Conversely, Buying Conditions declined, and Selling Conditions remained unchanged. The report details the net changes in consumer sentiment regarding buying and selling conditions, home price expectations, and mortgage rate outlooks over the next twelve months. It also highlights the percentage of consumers concerned about job loss and changes in household income compared to the previous year. The survey was conducted with a representative sample of household financial decision-makers, ensuring the reliability of the findings.