The nation’s home price expectations are high according to a recent survey conducted by Fannie Mae. 48% of respondents expect home prices to rise over the next year compared to only 35% last year. Fannie Mae’s chief economist, Doug Duncan said, “despite an uptick in concern expressed about the direction of the economy, it appears consumers believe that the housing recovery will march on.” 37% of respondents said they expect prices to stay the same over the coming 12 months while only 10% said they expect to see a decrease. More here
