Americans Say They’ll Buy Next Time They Move

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The number of Americans who said they’d prefer to buy if they were going to move rose to 66 percent in May, according to the most recent results of Fannie Mae’s monthly National Housing Survey. The survey – which tracks consumers’ perceptions of the housing market, buying or renting, household finances, and more – found respondents’ attitudes about real estate are improving. “Things are looking up for housing,” Doug Duncan, Fannie Mae’s chief economist, said. “Those saying it is a good time to sell a house hit a survey high of 49 percent. Also, the percentage of consumers telling us their household income is significantly higher than 12 months ago grew six percentage points to 28 percent over the past two months. We have found that these two indicators – good time to sell and income growth – are key drivers for the performance of the housing market.” Despite a slower than expected first quarter of the year, the residential real estate market has been showing signs of a strong comeback through this spring and summer. Fannie Mae’s survey adds to a growing number of indicators that show an increasing level of optimism among Americans interested in buying or selling a home. More  here.

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