Category Archives: Survey: Mortgage rates Change Expectation

Fannie Mae Housing Survey – April 2018

April 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 3.9% and the Average 12 Month Rental Price Change Expectation is 5.7%
  • Home Prices will go up in the next 12 months based on 55% responses. Home Rental Prices will go up in the next 12 months based on 61% responses. Mortgage rates will go up in next 12 months based on 54% responses
  • 61% of respondents say it is a good time to buy and 68% says it is a good time to sell. 54% says it is easy to get a mortgage today, 66% would rather buy than rent and 51% says that the economy is on the right track
  • There are 12% of respondents who are concerned about losing their job over next 12 months. 28% of respondents says that their income will be higher and 54% say their financial situation will get better over the next 12 months

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