Consumers Still Seeing a Buyer’s Market -Survey

After closing to its narrowest
margin in survey history in October the gulf between people who think the current
market it a good one for buyers and/or good for sellers widened appreciably in
November.  Fannie Mae said that 68
percent of respondents to its National Housing Survey last month viewed it as a
good time to buy, up 3 percentage points from last month, while those who
thought it a good time to sell fell 5 points to 39 percent. 

This and other results from the
survey, Fannie Mae says, track closely with the uneven 2014 housing market
trend which is improving but lagging the overall economy.  The survey found Americans’ personal
financial outlook has increased fairly steadily during the year, lending
supported to the housing recovery and the numbers who expect mortgage rates to
go up over the next year decreased 3 points to 45 percent with a commensurate
increase in those who expect no change. 
The company said the expectation that rates would increase has been on a
gradual but uneven decline since the beginning of the year.


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