Fannie Mae Housing Survey – November 2021
- Average Home Price Change Expectation in next 12 months is 1.9% higher and the Average 12 Month Rental Price Change Expectation is 6.9% higher
- Home Prices will go up in the next 12 months based on 45% responses. Home Rental Prices will go up in the next 12 months based on 67% responses. Mortgage rates will go up in next 12 months based on 58% responses
- 29% of respondents say it is a good time to buy and 74% says it is a good time to sell. 58% says it is easy to get a mortgage today, 69% would rather buy than rent and 22% says that the economy is on the right track
- There are 15% of respondents who are concerned about losing their job over next 12 months. 23% of respondents says that their income will be higher and 41% say their financial situation will get better over the next 12 months
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