The results of Fannie Mae’s January 2013 National Housing Survey show increasing confidence in home sales and an improved sense of job security, offering further evidence that the housing market is strengthening. In fact, the 23% of survey respondents think it is a good time to sell a home, up from 11% in January 2012.
The survey also revealed that:
· The average 12-month home price change expectation fell slightly from last month’s survey high to 2.4%.
· At 41%, the share of those surveyed who believe home prices will go up in the next 12 months decreased by 2 percentage points from December’s survey high, while the share who believe home prices will go down returned to the survey low of 10%.
· The percentage of those surveyed who think mortgage rates will go up decreased by 3 percentage points to 41%, while those who think they will go down dipped slightly to 7%.
· The share of respondents who said they would buy if they were going to move held steady at 65%.
· The percentage who expect their personal financial situation to get better over the next 12 months rose by 3 percentage points to 43%.
Click here to read the entire press release.
Source: fanniemae.com, February 07, 2013
No comments:
Post a Comment