Fannie Mae Survey finds Mixed Outlook for Home Buyers and Sellers

Fannie Mae Survey finds Mixed Outlook for Home Buyers and Sellers

Best Syndication News

(Best Syndication News) - Fannie Mae's National Housing Survey found a mixed response from the outlook of Americans on housing and home-ownership. The survey asked both homeowners and renters in the United States how they felt about the housing market.

Those surveyed felt that it was a buyers market with most of them believing the housing prices have reached the bottom. There was 47 percent that believed that housing prices will remain the same while 31 percent of the surveyed Americans thought that housing pricing will increase over the next 12 months. There was a majority of 70 percent of American in the Fannie Mae survey that felt that this was a good time to purchase real estate. The last Fannie Mae survey on housing had a 64 percent thinking it was a good time to buy a home.

Overall 67 percent of those surveyed felt that owning real estate was a still a safe investment. This confidence wavered from 2003's survey as 83 percent felt it was a safe investment at the time. There was a resounding 83 percent that felt it is a not a good time to sell a home.

Fannie Mae also received a 70 percent response from those surveyed that felt it would be more difficult for the next generation to buy a home in the years to come.

To read the result of this Fannie Mae Housing Survey, please visit http://www.fanniemae.com/about/housing-survey-091610.html

By: N Wilson

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