Consumers More Optimistic About Buying Homes: Fannie Mae

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Consumers were more optimistic about their ability to buy a home in November compared to the previous month, according to data released Monday by Fannie Mae.

The government-sponsored enterprise’s monthly housing survey showed that the percentage of consumers who say now is a good time to buy increased 3 percentage points, to 68%.

Conversely, the number of consumers who said that November was a good time to sell a home fell 5 percentage points, to 39%.

“November’s National Housing Survey results support the 2014 trend of gradual, but often sporadic and unspectacular, improvement across a range of indicators measuring consumer attitudes toward housing — mirroring the uneven recovery in housing activity this year,” said Doug Duncan, Fannie Mae’s chief economist, in a press release.

They survey also showed that 44% of consumers expect home prices to appreciate in the coming year, while 6% of respondents expect prices to fall.

 

Article source: http://www.nationalmortgagenews.com/news/secondary/consumers-more-optimistic-about-buying-homes-fannie-mae-1043317-1.html

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