Home | Newsletter | Advertise
loading...

50 Percent of Americans Expect Home Prices to Rise This Year

  • May 7th 2013

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: fannie mae, housing market

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

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse