The results are in! Fannie Mae’s November 2012 National Housing Survey is showing increased confidence in the housing market and direction of the economy.
Here are a few of the survey highlights:
73% say it’s a good time to buy.
51% say it’s easy to get a mortgage.
41% expect that mortgage rates will go up.
48% expect rental prices to go up.
67% say they would buy if they were going to move, while 28% would rent.
21% say that their household income is significantly higher than it was 12 months ago.
Put it all together and you have growing confidence in a housing recovery which may reinforce growing consumer optimism regarding the direction of the economy.
“Consumer attitudes toward both the economy and the housing market continue to gather momentum, with many of our 11 key National Housing Survey indicators at or near their two-and-half-year highs” said Doug Duncan, senior vice president and chief economist of Fannie Mae.
What does this mean for you? Increasing confidence among consumers means more buyers and stabilizing prices for sellers. Combine that with historically low interest rates and you may be looking at the best time to buy or sell in decades!
Are you looking to buy a home, condominium, townhouse or investment property in the Belvidere, Highlands, Pawtucketville, South Lowell, MA Centerville and Downtown areas of Lowell , Massachusettes?
Let us help you find everything you need to know about buying or selling a home! As one of the preeminent, professional real estate teams in The Merrimack Valley for over 10 years, we are dedicated to providing the highest quality service available while breaking new ground.
Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.
We go the extra mile to help you achieve your goals. That’s why we constantly research the market and property values so your home is priced effectively from day one. We also make sure the public knows your home is for sale by using cutting edge advertising and marketing techniques to attract potential buyers.
The Chris Tryon Home Seliing System at ERA Key Realty Services is the most comprehensive online source for Lowell, MA Homes for sale, from luxury homes to Downtown condominiums & lofts, incredible Bank Owned foreclosure opportunities and investment properties. The Chris Tryon Home Selling System provides exclusive Lowell, MA homes for sale on a local, global and international stage. Search for properties , or find out what your house is worth by visiting http://www.lowellhomesonline.com the Tryon Group can help.
Home Selling System
ERA Key Realty Services