"A growing sense of economic pessimism is taking hold in the U.S., as new Fannie Mae survey data reveals nearly 70% of Americans believe the economy is headed in the wrong direction. An even higher percentage (73%) say it's a bad time to buy a house. Coupled with mounting concerns about the housing market, the findings underscore the challenges facing would-be homebuyers, and paint an increasingly bleak picture for consumer sentiment as autumn begins."
"According to Fannie Mae's September 2025 Home Purchase Sentiment Index, using data from the National Housing Survey, only 32% of respondents said the economy is on the "right track," compared to a striking 67% who believe it's going the "wrong track." These numbers have shifted little during the past year, signaling a stubborn lack of faith in the nation's economic trajectory, and the "wrong track" percentage ticked up from 64% in August."
Fannie Mae's September 2025 Home Purchase Sentiment Index reports only 32% of respondents say the economy is on the right track while 67% say it's on the wrong track, with the wrong-track share rising from 64% in August. Seventy-three percent say it's a bad time to buy a house, reflecting mounting housing-market concerns. Just 32% expect personal finances to improve over the next year, 23% expect them to worsen, and 45% expect little change. A record-high 77% report household income has stayed about the same year-over-year; 14% report significantly higher income and 8% significantly lower. Labor-market indicators show low hiring and quits, fewer job openings, rising unemployment, and slower job growth.
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