Americans Continue to Feel Optimistic about Housing Market

November 15, 2012

americans feeling positive about chicago new homesGood news from Fannie Mae’s October 2012 National Housing Survey: Americans believe that housing prices and the housing market will continue to improve at a steady pace. A notable result of the October survey is that the positive difference between survey respondents who think home prices will go up and those who think home prices will decrease is at a survey high of 26 points. Survey respondents who said home prices will decrease dropped 13 points from the same time last year, and is at the lowest level since June 2010.

So, how did survey respondents feel about the economy in general?  19 percent of respondents said their household income is much higher than a year ago, which is an increase from last month’s survey. The percentage of respondents who believe their financial situation will improve during the next year remained at a fairly strong 43 percent. As more consumers become confident about their personal financial situation, home ownership will certainly increase.

In order to obtain the results of the survey, Fannie Mae conducted telephone interviews with 1,001 Americans. Respondents were asked about their attitudes regarding home ownership, apartment rentals, the economy and household finances. Fannie Mae conducts this survey on a monthly basis, and hopefully the optimistic results will continue into the upcoming months.

Interested in learning more about the results of the survey? Fannie Mae also provides a a podcast that gives a detailed audio synopsis of the survey results, methodologies and questions. You can check out the detailed information on the Fannie Mae website.


About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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