(RECAP: U.S. homebuyers were overall more pessimistic about the market in October, according to the latest Fannie Mae Home Buy Sentiment Index (HPSI). The index last month dropped another 1.1 points to 81‒‒the third decrease in as many months‒‒and four of the six components that comprise the HPSI fell during October as well. According to the index, the share of consumers reporting significantly higher income over the past year experienced the largest drop, decreasing 8 percent (to 4 percent overall), the lowest it has been in more than three years. Consumers expecting home prices to go up in the next year fell 3 percent, and those who expect mortgage rates to drop and those who are confident about not losing their job each dropped 1 percent last month.)

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