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Fannie Mae's Home Purchase Sentiment Index decreased 3.8 percentage points in March. The percentage of Americans who reported that now is a good time to buy a home fell by 10 points, while consumers also expressed reduced confidence about the stability of their jobs. The share of respondents who reported that their household income is significantly higher than it was 12 months ago decreased by 8 percentage points. The survey is conducted through telephone surveys of 1,000 consumers a month about owning and renting a home, home and rental price changes, the economy, household finances and overall consumer confidence.

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