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.
This article originally published at https://dc.urbanturf.com/articles/blog/how_do_americans_feel_about_the_housing_market/7032.
Most Popular... This Week • Last 30 Days • Ever
Why condo fees are high in some buildings and low in others can be a difficult questi... read »
When sellers haven't quite lined up their next house before their settlement date com... read »
In this edition of First-Timer Primer, we look into the question of how to determine ... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
Here's what you need to know about reporting profit made from the sale of your home.... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »
A recent transaction shows that the housing market isn't cooling off everywhere.... read »
Developer Akridge has released new images of their planned Burnham Place development ... read »
The new development will also have a nearly 20,000 square-foot public plaza.... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro