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lift Americans’ views on housing, according to the survey. “While consumers remain cautious about the general economy, their attitudes toward the housing market continue to improve,” says Doug Duncan, Fannie Mae’s chief economist. “Although this positive trend may be short-lived if the general economy falters, one might ask whether consumers are increasingly seeing the current environment as a unique opportunity to buy a home while home prices remain depressed, rental costs are increasing, and rates are near historic lows.” Thirty-five percent of the Americans surveyed say they expect home prices to rise within the next year, with expectations that home prices will rise 2 percent wi thin that time. That marks the highest increases since the survey began in June 2010. Also, 73 percent of the Americans surveyed said that now is a good time to buy, which matches the highest number recorded since the survey began.
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3 Comments on Optimism Regarding The Housing Market Continues To Grow!
I know that home rental rates for homes here in our area (for a nice home) start at $1,300 and go up from there. If you can afford that price you can afford to buy a home in the $150's However if your credit is not good, not only will you not be able to purchase a home you will neither be able to lease one either.
Good post!
Morning Sheila can't say much about the rest of the Country but here in NW Arkansas the market is not where we would like it to be but listings are getting hard to find.
Sussie.... isn't it crazy... can't afford to buy or rent.... what will some do?
James ... sorry to hear that.. we are still booming here.. hope it continues.... the listing numbers have gone down but only enough to make our prices start to edge up....
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