Fannie: Consumer Attitudes Improved During December – Santa Monica Real Estate

Good News: Results from Fannie Mae’s National Housing Survey for the month of December reveal that more Americans believe the economy is on the right track and many remain positive about the future of the housing market.

The survey shows that 22 percent of Americans believe the economy is on the right track of improvement while the percentage of people who disagree dropped to 69 percent. Results also show that more respondents, 40 percent, expect their personal finances to improve throughout the year, while 39 percent believe it will stay the same.

When it comes to housing, consumers reported to have an overall better outlook. Seventy-one percent of respondents say that it is a good time to buy a home while 11 percent say it is a good time to sell. Additionally, 36 percent say they expect mortgage rates will go up over the next 12 months.

“December attitudes have rebounded from the lows seen during the debt ceiling debate and economic deterioration of Europe this past summer,” said Doug Duncan, vice president and chief economist of Fannie Mae. “This improvement is in line with the modest fourth-quarter pickup in the U.S. economy.”

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