The results of Fannie Mae’s August 2012 National Housing Survey show Americans are uncertain about the direction of the economy but are optimistic about the housing market. According to the latest survey, which polled 1,001 Americans to assesses their attitudes toward the economy, housing, and consumer confidence, fewer respondents feel the economy is on the right track, with just 33 percent saying its headed in the right direction. But despite the decreasing number of Americans expressing confidence in current economic conditions, an increasing number of participants see positive trends in housing data. Among the survey’s highlights, just 11 percent of respondents said they expect home prices to fall over the next year, the lowest level ever recorded. Also, a majority of Americans said now is a good time to buy a home and 18 percent said it was a good time to sell, the highest percentage recorded since the survey began in 2010. Doug Duncan, Fannie Mae’s chief economist, said consumer attitudes toward the housing market remain modestly positive despite the muted economic recovery. More here and here.
