Americans' opinions about housing market remain positive for the future
Posted on Tuesday, September 11, 2012 at 6:22:21 PM
As more Americans start viewing the housing market with a positive outlook, the real estate industry may show even more marked improvements in the future. According to results from Fannie Mae’s August 2012 National Housing Survey, a majority of Americans are cautious, but optimistic, about the future of the housing industry.
"Consumer attitudes toward the housing market remain modestly positive, despite signs of increased concern over the direction of the economy," said Doug Duncan, senior vice president and chief economist of Fannie Mae. "While the latest results showed a pickup in the share of consumers expecting mortgage rates to rise, reflecting the uptrend of long-term interest rates since mid-July, that may soon change."
The improving market could encourage potential homebuyers to consider their residential financing options. The allure of a new house in a better neighborhood could entice those people already feeling more confident about the state of the real estate industry. Affordable financing options offered by Home Loan Investment Bank could give a potential property buyer the boost he or she needs for a new house purchase in the near future.