Respondents from a Fannie Mae National Housing Survey for January 2012 expressed expectations for home prices to increase by 1 percent over the next 12 months, and most Americans continue to expect no change in mortgage rates.
This marks the fourth month in a row consumer expectation was positive.
*The percentage of respondents who said the economy is on the right track was at 30 percent, an 8 percent increase since last November. The percentage who said the economy is on the wrong track was at 63 percent, a 6 point decrease since last November.
*While 51 percent of respondents expect home prices to stay the same, 28 percent said they expect prices to rise, which is a 2 point increase since last month. Sixteen percent said they expect prices to decline.
*Forty-four percent of respondents said their personal financial situation will get better over the next 12 months, as opposed to the 41 percent who said it will stay the same.
For more information on the survey, go to
Read this article in full by DSNews.com here: “Consumer Sentiment Improving, Fannie Mae Survey Shows“.