Fannie Mae Housing Survey July 2015

Group 3 - July 2015

July 2015 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
  • The average 12-month home price increase expectation is 3.0% and the average 12 month rental price increase expectation is at 4.5%
  • 61% of the share of respondents believe that it is the good time to buy now, 49% believe that home prices will go up and 54% of the share of respondents believe that home rental prices will go up  in the next 12 months
  • 51% believe mortgage rates will go up, 48% think it would be easy for them to get a home mortgage today and 65% say they would buy if they were going to move
  • 54% think that the economy is on the wrong track, 56% said their household expenses are about the same, 57% felt their household income is about the same and 44% expect their personal financial situation to get better in the next 12 months

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