Tag Archive for national housing survey

65% Of Americans Say Now is The Time To Buy

According to the results of Fannie Mae’s January 2014 National Housing Survey, 65 percent of Americans say now is a good time to buy a house. And, though that number fell 2 percent from the month before, paired with an increasingly positive view of the economy, housing, and mortgage market, it indicates an improvement in Americans’ perception of current economic conditions. In fact, the share of consumers who believe the economy is on the right track was up 8 percent from last month. Also, a majority of participants said they felt it would be easy for them to get a mortgage, the first time in the survey’s three-and-a-half-year history. Doug Duncan, Fannie Mae’s senior vice president and chief economist, said the gradual upward trend in this indicator bodes well for the housing recovery and may be contributing to this month’s increase in the percentage of consumers who said they intend to buy rather than rent their next home. The share of respondents who said they would buy hit an all-time survey high of 70 percent. Conversely, the number who said they would prefer to rent also set a record, falling to a new low of 26 percent. More here.

Majority of Americans Say Now Is A Good Time To Buy

Fannie Mae’s National Housing Survey polls Americans each month to assess their perception of the housing market, including attitudes toward owning or renting a home, price and rate changes, consumer confidence, household finances, and the overall economy. According to the results of the most recent survey, Americans’ optimism about housing growth has begun to plateau after trending upward since the beginning of the year. Still, a majority of respondents say now is a good time to buy a home and the number who said they’d prefer to buy if they had to move increased from last month. The percentage of people who believe it’d be easy for them to get a home mortgage also increased from the previous month’s survey. Overall, participants said they think home prices and rent will rise over the next year, while the number of people who said mortgage rates would increase over the same time period fell slightly from the month before. More here.