The Fannie Mae National Housing Survey for September shows consumers in the U.S. remain someone pessimistic about home prices, however over two-thirds (68 percent) of American’s surveyed said they thought now was a good time to buy a home and 63 percent said if they were going to move now they would buy a home.
Highlights from the survey:
- American’s feel home prices will decline an average of 1.1 percent in the coming 12 months.
- Fifty-five percent say home prices will stay the same in the coming 12 months.
- Twenty-five percent say home prices will decline in the coming 12 months.
- Eighteen percent say home prices will increase in the coming 12 months.
- Fifty-one percent say interest rates will stay the same.
- Thirty-three percent say interest rates will go up
- Eleven percent think interest rates will go down in the next 12 months.
- Sixty-Eight percent think now is a good time to buy a home
- Ten percent think now is a good time to sell a home
- Sixty-three percent say they would buy if they were going to move
- Thirty two percent say they would rent
- Seventy-seven percent think the economy is on the wrong track
- Sixteen percent think the economy is on the right track
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