Fannie Mae interviewed approximately 1,000 survey respondents for its May National Housing Survey. Most Americans interviewed by Fannie Mae believe home prices will increase at least 1.4 percent over the next 12 months, the government-sponsored enterprise said.
Of those who responded, 34 percent — the highest level since March 2011 — said home prices will rise over the course of the next 12 months. In addition, 41 percent of respondents believe home mortgage rates will likely go up over the course of the next year, an increase from the previous month.
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