Fannie Mae Housing Survey – July 2016

Fannie Mae Housing Survey - July 2016 (1)

July 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 2.1% and the Average 12 Month Rental Price Change Expectation is 4.0%
  • Home Prices will go up in the next 12 months based on 49% responses. Home Rental Prices will go up in the next 12 months based on 58% responses. Mortgage rates will go up in next 12 months based on 43% responses
  • 63% of respondents say it is a good time to buy and 56% says it’s a good time to sell. 52% says it’s easy to get a mortgage today, 67% would rather buy than rent and 33% says that economy is on the right track
  • There are 16% of respondents who are concerned about losing their job over next 12 months. 22% of respondents says that their income will be higher and 44% says their financial situation will get better over the next 12 months

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