Real Estate

Consumer confidence in housing rises as prices fall


Prospective buyers view a real estate showing.

Carline Jean | Sun Sentinel | Tribune News Service | Getty Images

Mortgage rates are still twice what they were a year ago, but home prices have been falling since June, and that’s finally making consumers feel better about what had been an overheated, highly competitive housing market.

A monthly housing sentiment index from Fannie Mae showed sentiment improving from November to December. The index is still lower than it was a year ago and just slightly off its record low set in October and November.

The share of respondents saying now is a good time to buy a home was still low, at just 21%, but it was up from 16% in October. The share saying…


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