Fannie Mae’s First Quarter National Housing Survey found Americans are more optimistic about home prices, the economy, and their personal finances than they were during the last quarter of 2010. According to the survey, which polled homeowners and renters between January and March 2011, the number of Americans that believe the U.S. economy is on the right track has risen four percentage points since the end of last year. Also, 67 percent of respondents believe now is a good time to buy a house and one in three expect home prices will strengthen in the next year. On average, participants expected prices to increase by one percent. Sixty-six percent of Americans believe buying a home is a good investment and 87 percent said owning is superior to renting. More here.
