Fannie Mae Survey Shows Americans Expect Home Prices to Improve

A majority of respondents expect home prices to rise by at least 1% on average over the course of the next 12 months.

Palm Coast, FL – February 8, 2012

A majority of Americans believe mortgage rates will remain steady over the next year, while home price expectations in January improved for the fourth consecutive month in a row, Fannie Mae said in its consumer sentiment report.

The government-sponsored enterprise interviews 1,000 Americans each month to gauge consumer expectations about housing and the overall economy.

A majority of respondents expect home prices to rise by at least 1% on average over the course of the next 12 months.

Read more >>>> Housingwire [Feb. 7, 2012]