More than half of Americans — 51 percent — now say they expect home prices to increase within the next year, according to a survey by mortgage giant Fannie Mae of about 1,000 Americans’ attitudes toward housing.
“For the first time in the survey’s three-year history, the majority of Americans surveyed now expect home prices to increase,” says Doug Duncan, senior vice president and chief economist at Fannie Mae. “Crossing the 50 percent threshold marks a significant milestone as most Americans believe a housing recovery is truly occurring throughout the country.”
Last year at this time, only 32 percent said they expected home prices to increase.
More Americans in April also said now is a good time to sell, climbing four percentage points to 30 percent last month compared to 15 percent one year ago.
The number of respondents who expect mortgage rates to rise dropped 3 percentage points to 43 percent in April, while 7 percent said they expect rates to drop fell slightly to 7 percent, according to the survey.
Source: “Survey: Over 50% of Americans Expect Home Prices to Rise,” The Wall Street Journal (May 7, 2013)
Read More
http://realtormag.realtor.org/daily-news/2013/05/08/more-americans-optimistic-about-housing-recovery
arizona homes sale, arizona house,arizona real estate, az houses, az real estate, business, chief economist, economy, for sale by owner, FSBO, gilbert arizona, gilbert az, gilbert real estate, home for sale in arizona, homes for sale in san tan valley az, homes for sale in san tan valley az san tan valley arizona arizona homes sale home for sale in arizona real estate az real estate arizona arizona real estate san tan san tan heights homes in az for sa,homes for sale valley, homes in az for sale, houses for sale, houses in Arizona for sale, how to sell my home, johnson ranch, queen creek,queen creek arizona, queen creek az, real estate arizona, real estate az, real-estate, san tan, san tan heights, san tan valley arizona, san tan valley real estate, Selling my home, short selling my home, valley homes sale, where is san tan valley az
No comments:
Post a Comment