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Survey Tracks Attitudes Toward Economy, Housing

Survey Tracks Attitudes Toward Economy, Housing

| Oct 10, 2011 | Housing Market

Fannie Mae’s September National Housing Survey polled 1,002 Americans to assess their attitudes toward homeownership, renting a home, mortgage rates, the economy, and their household finances. The September survey found Americans continue to link their personal finances with the state of the overall economy. But despite a generally pessimistic view of the economy, the number of Americans who expect their personal financial situation to worsen in the next year decreased for the first time in four months. A majority of respondents expressed a preference for buying a home rather than renting. Among participants, 63 percent said they’d buy their next home if they were going to move and 68 percent said now was a good time to buy a home. Americans also believe home rental prices will go up, with 43 percent expecting an increase in the next 12 months. More here and here.

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