Well, if you were among the thousand or so consumers who got a phone call last month from Fannie Mae, and you actually took the time to answer the 100+ questions they asked – on behalf of the rest of us – I’d like to say ‘thank you very much!’ because you and your fellow survey subjects have sent a big warm ray of light our way……… You told us that you think things are finally getting better!!
Now, as you may or may not know, Fannie Mae’s National Housing Survey provides a look into opinions about things like owning and renting homes, household finances, housing and the economy, etc and considered to be the most comprehensive measure of consumer attitudes toward the housing market. And, since they do them religiously every month, it’s a fair signal whether attitudes are beginning to turn up or down.
So, according to you and your 1,000 fellow respondents, homeowners who have been considering listing their home for sale might have reason to be more inclined to do so. This is because they believe that home prices will increase over the next 12 months. The number of respondents who say it’s a good time to sell rose to the highest level in over a year; and a solid 65% say they – if they were going to move – would rather buy than rent their next home
On the subject of personal financial expectations, only 12% think that their financial situation will worsen in the coming 12 months, which represents the lowest value in over a year. Fewer believe their expenses have increased significantly in the last year; and only one in seven report that their income is lower than it was a year ago.
Generally, local attitudes tend to echo their findings, if for no other reason than Fannie Mae’s headline: “Consumer Attitudes about Personal Finances and Housing Stabilize Alongside Positive Economic News.” That’s a lot to say but, whenever I see the words ‘Housing’ and ‘Positive’ in the same headline, it makes me just a little happier!
I think it’s good news and I wanted you to know!
So, if you’re planning to put your own local property for sale, why not give my office a call? I won’t ask you 100 questions like Fannie Mae did but I will be ready to answer all of yours!