Fannie Mae’s National Housing Survey polls 1,000 Americans each month about their attitudes toward homeownership, mortgage rates, the economy, personal finances, and overall consumer confidence. January’s survey finds Americans more optimistic about the economy and the housing market. Specifically, the percentage of participants who said the economy is on the right track was up 8 percentage points from the month before and the number who said it was on the wrong track dropped 6.0 percent. On average, respondents expect home prices to rise 1.0 percent over the next year. Only 16 percent of Americans expect home prices to decline, while 79 percent said they’d rise or stay the same over the next 12 months. Doug Duncan, Fannie Mae’s vice president and chief economist, said home price expectations have been rising for the past four months and consumer sentiment has rebounded to a level witnessed a year ago.
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