Fannie Mae Reports Healthier Outlook for Home Purchases
Increasing consumer optimism toward the current home selling market may bode well for purchase activity this year, according to results from Fannie Mae’s June 2015 National Housing Survey.
The monthly survey polls the U.S. adult general population to assess their attitudes about homeownership, renting a home, the economy and household finances.
Of those surveyed, 52 percent believe now is a good time to sell a home, reflecting a new survey high and an increase of three percentage points from the previous month.
Expectations for rising rental prices also reached an all-time survey high, with 59 percent of respondents expecting rental prices to rise in the next 12 months.
“Together, these results point to a healthier home purchase market, with more renters likely to find owning to be more cost-effective than renting and more sellers likely to put their homes on the market,” said Doug Duncan, senior vice president and chief economist of Fannie Mae.
For more information about the survey or to review full survey results, visit Fannie Mae’s June 2015 National Housing Survey.
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