HOUSING SURVEY...

REAL ESTATE TRENDS

FANNIE MAE RELEASES SEPTEMBER HOUSING SURVEY RESULTSFollowing a recent dip in consumer housing optimism, most indicators have rebounded to the modestly positive trend seen throughout 2014, according to results from Fannie Mae's September 2014 National Housing Survey. Turbulent geo-political factors likely weighed on Americans' attitudes toward the housing market during the past couple of months. In September, the share of consumers who say now is a good time to buy a home rose to 68 percent, a four-percentage-point increase from August. Additionally, the share saying they would prefer to buy a home on their next move ticked up to 66 percent after a three-point drop in August. The results also show a notable jump in consumers’ views toward the economy, with 40 percent of those surveyed saying it is now on the right track – a five percentage point increase from last month. Interested in becoming a Califorina Real Estate Agent? Click logo for more information. Highlights from the survey include: The average 12-month home price change expectation rose to 2.2 percent. The share of respondents who say home prices will go up in the next 12 months rose to 45 percent. The share who say home prices will go down decreased to 8 percent. The share of respondents who say mortgage rates will go up in the next 12 months fell by five percentage points to 45 percent. Those who say it is a good time to buy a house rose to 68 percent. Those who say it is a good time to sell also increased—to 39 percent. The share of respondents who say the economy is on the right track jumped by five percentage points from last month to 40 percent. The percentage of respondents who expect their personal financial situation to get better over the next 12 months fell to 41 percent. The share of respondents who say their household income is significantly higher than it was 12 months ago increased by two percentage points to 25 percent.