August 2018
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 2.8% and the Average 12 Month Rental Price Change Expectation is 4.4%
- Home Prices will go up in the next 12 months based on 48% responses. Home Rental Prices will go up in the next 12 months based on 59% responses. Mortgage rates will go up in next 12 months based on 58% responses
- 57% of respondents say it is a good time to buy and 37% says it is a bad time to buy. 58% says it is easy to get a mortgage today, 67% would rather buy than rent and 51% says that the economy is on the right track
- There are 10% of respondents who are concerned about losing their job over next 12 months. 31% of respondents says that their income will be higher and 53% say their financial situation will get better over the next 12 months
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