Morning Minute: Americans feeling more confident in housing market, Fannie Mae reports

With rental prices expected to rise and household expenses remaining stable, consumers are becoming more optimistic about homeownership, according to Fannie Mae’s October National Housing Survey. Among survey respondents, 72 percent said now is a good time to buy a home. HousingWire has the full story.

“This has been a year of steady growth in the percentage of consumers with positive home price expectations,” Doug Duncan, senior vice president and chief economist of Fannie Mae, told HousingWire. “Increasing household formation, encouraged by an improving labor market, is adding additional momentum to the housing recovery and putting upward pressure on rental price expectations. Expected increases in both owning and renting costs may encourage more consumers to buy and add further strength to the housing recovery already under way.”

More news headlines:

Metro Area Home Prices Show Stronger Increases in Third Quarter, Sales Up – NAR

Foreclosures continue to impact Chicago-area home prices – WBEZ

 

This entry was posted in Housing Market, Uncategorized by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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