Consumer Confidence Continues to RisePosted 10/11/2012
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.
- Maracay Celebrates Three Grand Openings to Kick Off 2019
- New Year, New Home: 3 Tips for Homebuyers
- Good Times by Design: Holiday Entertaining & Floor Plans at Avance
- Learning About Lakeview Trails at Morrison Ranch with New Home Advisor Katrina Harless
- The Holiday Season’s Most Exciting Events in Phoenix
- Best Hiking in Your Backyard
- The Perfect Gift for Every Adventurer on Your List
- Light up the Night this Holiday Season
- A Backyard Like No Other: South Mountain Preserve
- Why Choose a Move-In Ready Home