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50 Percent of Americans Expect Home Prices to Rise This Year

by Shilpi Paul

50 Percent of Americans Expect Home Prices to Rise This Year: Figure 1

A majority of Americans believe that home prices will continue to climb this year, Fannie Mae’s latest National Housing Survey found.

Fannie Mae, which has been surveying Americans for the past three years on the state of the housing market, noted that this is the first time more than 50 percent of respondents have registered that kind of optimism in home prices. At this time last year, only 32 percent of those surveyed thought prices would rise.

Here are a few other interesting takeaways from the survey:

  • 43 percent of respondents think that mortgage rates will go up.
  • At 30 percent, the proportion of respondents who think that it is a good time to sell is at the highest level since the survey started.
  • Compared to March, more respondents think that the economy is headed in the right direction and fewer expect their financial situation to get worse.
  • 20 percent of respondents reported that their income was “significantly higher” than it was last year.

For the full survey results, check out Fannie Mae.

See other articles related to: housing market, fannie mae

This article originally published at https://dc.urbanturf.com/articles/blog/how_do_americans_feel_about_the_housing_market/7032

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