Consumer Confidence Continues to Rise

Consumer Confidence Continues to Rise

Posted 10/11/2012
Consumer confidence in the housing market continues to rise, Fannie Mae reports, [Photo Credit: Realestate.com.au]

As summer winds down the real estate industry is on the brink of what  has been notoriously known as a slow, sometimes disconcerting selling season that winter brings each year. Though recent reports may indicate otherwise as consumer confidence continues along summer’s upward trend.

Industry watchdog, Fannie Mae, shared the September 2012 National Housing Survey results this week which indicated a gradual ascent in Americans’ optimism toward the housing market and homeownership. Attitudes toward the economy as a whole also showed substantial signs of improvement when compared to months prior. Here are some key findings to consider:

  • Thirty-seven percent of those surveyed expect home prices to go up in the next year, the highest level since the survey’s inception in June 2010.
  • Nineteen percent of respondents say it is a good time to sell, the highest level since the survey’s inception.
  • The percentage of respondents who say they would buy if they were going to move increased to 69 percent, tying June 2012 at the highest level since the survey’s inception.

For those of us in the industry, these statistics serve as a sign of hope for continued progress as we head into a tough season after many even-tougher years. For those in the market, it seems as though you are in good company. Click here to get the full report.