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Consumer confidence in housing is on the rise, reaching an all-time-high. According to Fannie Mae’s National Housing Survey for October 2014, 45% of survey participants believe that they will be more financially secure within the next year. Many of the participants also expect the economy to improve, and 44% expect housing prices to jump and believe now is prime time to sell. The chief economist at Fannie Mae, Doug Duncan said, “consumers are growing more optimistic about the housing market in the face of broader improvement in economic sentiment.” More here
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