Uncertainty over the fiscal cliff negotiations did little to shake consumers’ confidence about housing in December, according to the results from Fannie Mae’s latest National Housing Survey.
Consumers continued to show increased optimism toward home price, rental price, and mortgage rate expectations, a sign that home purchase activity may see a boost in the coming months.
“Combined with consumers’ growing mortgage rate and rental price increase expectations, the positive home price outlook could incentivize those waiting on the sidelines of the housing market to buy a home sooner rather than later and thus support continued housing acceleration,” said Doug Duncan, SVP and chief economist at Fannie Mae. See Price change expectation...
No comments:
Post a Comment