Home | Newsletter | Advertise
loading...

How Is the U.S. Feeling About Housing?

  • November 7, 2012

by UrbanTurf Staff

How Is the U.S. Feeling About Housing?: Figure 1
Homes on 13th Street.

By most accounts, the outcome of last night’s presidential election is not going to have much (if any) effect on the housing market, nationally or locally. However, that doesn’t mean that in your post-election haze, UrbanTurf can’t provide you with a sense of how the public is feeling about the market.

On Wednesday morning, Fannie Mae released its October National Housing Survey. Here are some interesting takeaways:

  • On average, survey respondents expect home prices to edge up 1.7 percent over the coming year.
  • Ten percent of those surveyed say that home prices will go down in the next 12 months, a drop from 23 percent in October 2011.
  • 72 percent of those surveyed believe that it is a good time to buy a home, while just 18 percent believe that it is a good time to sell.
  • 37 percent think that mortgage rates will increase in the coming year.
  • Half of those that were surveyed think that rental prices will increase over the course of the next year, the highest level since the survey’s inception in June 2010.

For more of the survey results, click here.

See other articles related to: housing market trends, fannie mae

This article originally published at http://dc.urbanturf.com/articles/blog/how_is_the_u.s._feeling_about_housing/6266

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