Americans continue to get more optimistic about the direction of the housing market, according to Fannie Mae’s September National Housing Survey of 1,000 Americans. In fact, Americans’ views on the direction of housing prices has remained positive for 11 consecutive months in the survey, and the number of people expecting home prices to fall now rests at 11 percent, an all-time low since the survey began in 2010.
Overall, survey respondents expect home prices to increase 1.5 percent, on average, in the next year.
“Consumers are showing increasing faith in the nascent housing recovery,” says Doug Duncan, Fannie Mae’s chief economist.
Nearly 20 percent say now is a good time to sell, the highest percentage since the survey began in 2010. Also, 69 percent say now would be a great time to buy if they were planning to move.
Survey respondents also showed more optimism for the direction of the economy. Forty-one percent say the economy is on the right track, which is up from 33 percent last month. Still, 53 percent of survey respondents say the economy is on the wrong track.
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2012/10/10/survey-americans-more-upbeat-about-housing
At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.
Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.
If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at: manager@gayrealestate.com
