Consumers may prowl for homes in 2012: Fannie Mae

2012 … the year to buy!!

hziev

By Kerri Panchuk

• April 9, 2012 • 9:26am

A new Fannie Mae study suggests Americans are beginning to consider 2012 a good year to acquire a home.

The GSE released its March National Housing Survey of just over 1,000 Americans and found more citizens expect rents and home prices to increase in the coming months, making today a better time to purchase a residence. 

About 73% of those interviewed said buying a home today is a good idea, up from 70% in February. 

Thirty-seven percent of those interviewed believe prices will increase, which is up 5 percentage points since February and the highest point reached in more than a year.

About half of the respondents expect both home rentals and purchases will grow over the next 12 months. 

Consumers also are more confident about their own finances, with 44% believing their financial situations will get better in the near…

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Published in: on May 2, 2012 at 12:21 pm  Leave a Comment  
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