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Recent Fannie Mae Consumer Survey Shows Optimism!

By
Real Estate Broker/Owner with True Sarasota Real Estate

Recent Fannie Mae Consumer Survey Shows Optimism!

* 42% of respondents expect their personal finances to improve in 2011, although that is down from 44% last year.

* 57% of Americans still believe that buying a home has a lot of potential as an investment.

* 30% expect home prices to strengthen over the next year, virtually unchanged from a year ago.

* 59% of Generation Y Americans (ages 18-34) expect their personal financial situation to improve over the next year, compared to 49% among Generation X (ages 35-44) and 37% among baby boomers (ages 45-64).

* Mortgage borrowers seem to be recovering, with 23% saying they are underwater, compared with 30% in January 2010.

Industry experts expect this will only help the National and Sarasota real estate market.

Recent Fannie Mae Consumer Survey Shows Optimism

Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

This is really great news for our market; hopefully, this will continue for all markets. Thanks for sharing.

May 22, 2011 03:56 AM