Fannie Mae Housing Survey – February 2016

Fannie Mae Housing Survey - February 2016

February 2016
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 1.7% and the Average 12 Month Rental Price Change Expectation is 3.3%
  • Home Prices will go up in the next 12 months based on 44%  responses. Home Rental Prices will go up in the next 12 months based on 52% responses. Mortgage rates will go up in next 12 months based on 55% responses
  • 63% of respondents say it is a good time to buy and 50% says it’s a good time to sell. 54% says it’s easy to get a mortgage today, 63% would rather buy than rent and 37% says that economy is on the right track
  • There are 12% of respondents who are concerned about losing their job over next 12 months. 27% of respondents says that their income will be higher and 46% says their financial situation will get better over the next 12 months

5 Quick Ways to Connect immediately

 

Apply Now

Short Form : Complete a Short Form and receive a list of items needed to complete the processing of your loan

 

[FBW]

Share your thoughts