Fannie Mae’s National Housing Survey polls 1,000 people each month to gauge consumer confidence, attitudes toward owning and renting, mortgage rates, homeownership distress, and household finances. The June survey, which asked homeowners and renters more than 100 questions, found that 44 percent of participants believe rental prices will go up while nearly half thought home prices would not significantly change. When asked if they would rent or buy their next home, two-thirds said they would buy, while 31 percent said they would rent. Consistent with previous months, more Americans expect their personal finances to improve in the next year than those that don’t, and fewer households reported declining income compared to June 2010. More here and here.
