Category Archives: Survey: Good time to Buy Vs Good time to sell

Fannie Mae Housing Survey – October 2020

Fannie Mae Housing Survey – October 2020

 

  • Average Home Price Change Expectation in next 12 months is 0.5% higher and the Average 12 Month Rental Price Change Expectation is 3.2% higher
  • Home Prices will go up in the next 12 months based on 40% responses. Home Rental Prices will go up in the next 12 months based on 46% responses. Mortgage rates will go up in next 12 months based on 32% responses
  • 60% of respondents say it is a good time to buy and 59% says it is a good time to sell. 59% says it is easy to get a mortgage today, 69% would rather buy than rent and 39% says that the economy is on the right track
  • There are 22% of respondents who are concerned about losing their job over next 12 months. 25% of respondents says that their income will be higher and 44% say their financial situation will get better over the next 12 months

 

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