According to Fannie Mae, 43% of the 1,002 Americans surveyed in December expect a rise in home prices. This is a 6% rise from November’s poll. Experts are hoping that this upswing in consumer confidence in the housing industry indicates a boost in home prices during 2013. The senior VP of Fannie Mae, Doug Duncan, predicts that consumer home/rental pricing expectations will encourage buyers to act sooner rather than later which would help the housing market. Although those who believe it’s a good time to sell has dropped slightly since November, it’s still an increase year-over-year. But with the (still) uncertain economic times, Duncan states that consumers “expect their personal finances to worsen and may contribute to weaker near-term economic growth.” In fact the percentage of those who expect their personal finances to worsen is at it’s highest level (20%) since August 2011. Despite these unfortunate findings at least consumers are looking for homes to rent and buy. And as we in the DC area can attest, the market is better here than in most places across the country.
For the original article: http://www.housingwire.com/news/2013/01/07/about-43-americans-expect-home-prices-rise