According to a recent national housing survey conducted by Fannie Mae, 70 percent of Americans believe it’s a good time to buy a house, up from 64 percent in January. Doug Duncan, vice president and chief economist for Fannie Mae, said consumers have mixed views on the housing market. While most Americans believe home prices have bottomed, they’ve adopted a more cautious approach to entering the housing market. The survey, conducted between June 12 and July 14, is meant to assess Americans’ confidence in homeownership as an investment, the current state of their household finances, views of the housing finance system, and overall confidence in the economy. The survey found that 78 percent of Americans believe home prices will either remain flat or go up over the next year and 64 percent believe buying a home is a safe investment. More here, here, and here.
Theresa Springer’s Blog
Majority Of Americans Say It’s Time To Buy
October 11, 2010
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