Category Archives: Survey: Buy Vs Rent or Move

Fannie Mae Housing Survey – August 2017

August 2017
Fannie Mae Housing Survey

  • Survey for change in home prices in next 12 months
  • Survey for change in rental prices in next 12 months
  • Survey for mortgage rate changes in next 12 months
  • Survey for personal finances in next 12 months
  • Survey for household income in next 12 months
  • Survey for household expenses in next 12 months
  • Survey for economy on track
  • Survey for buy or rent today
  • Survey on ease of getting home mortgage today
  • Survey whether it is good time to buy or sell today

 

  • Average Home Price Change Expectation in next 12 months is 3.3% and the Average 12 Month Rental Price Change Expectation is 4.6%
  • Home Prices will go up in the next 12 months based on 54% responses. Home Rental Prices will go up in the next 12 months based on 60% responses. Mortgage rates will go up in next 12 months based on 51% responses
  • 55% of respondents say it is a good time to buy and 62% says it’s a good time to sell. 55% says it’s easy to get a mortgage today, 66% would rather buy than rent and 49% says that economy is on the right track
  • There are 13% of respondents who are concerned about losing their job over next 12 months. 26% of respondents says that their income will be higher and 47% says their financial situation will get better over the next 12 months

 

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