Category Archives: Fannie Mae

By: Leslie Williamson

According to the latest survey from Fannie Mae regarding the national housing market, Americans still believe housing is a safe investment but they are more cautious.  The survey  polled homeowners and renters between June 2010 and July 2010 to assess their confidence in homeownership as an investment, the current state of their household finances, and overall confidence in the economy.  Below is an overview of the survey:

 - 70% of the respondents believe it is a good time to buy a house, but 83% believe it is a bad time to sell a house

 - 78% believe home prices will stay the same or go up over the next year

 - 86% think rental prices will stay the same or go up over the  next year

 - 67% of the respondents believe buying a home is a safe investment

 - 85% of consumers believe owning makes more sense than renting and among renters 69% believe owning makes more sense

 - 63% of the respondents would likely buy instead of rent if they were to move

 - 74% state they prefer a traditional, fixed rate mortgage with predictable payments

 - 33% percent are “stressed” about their ability to make payments on their debt

Overall Americans think it is a good time to purchase home, but have a very realistic approach to the actual purchase or sale of their home.