Majority of Americans think it’s still a buyer’s market

Posted: July 16, 2012 in Uncategorized

It is our jobs as real estate professionals to educate consumers on the state of our industry.  If you are waiting for the news to do it, you will be waiting for a long time. 

Majority of Americans think it’s still a buyer’s market

Atlanta Business Chronicle by Jeff Clabaugh, Broadcast/Web Reporter- Washington Business Journal

Date: Monday, July 9, 2012, 11:24am EDT

Related:

 Residential Real Estate 

Most Americans still think the housing market is a buyer’s market, according to a new Fannie Mae survey. 

Despite rising home prices, most Americans still think the housing market is a buyer’s market, according to a new Fannie Mae survey. The percentage of those surveyed who say it is a good time to buy a house increased to 73 percent in June, the highest since Fannie Mae began the monthly poll two years ago. The percentage who think it is a good time to sell was unchanged at 15 percent. 

The survey also found 35 percent think home prices will go up in the next 12 months, the highest since Fannie Mae (OTC BB: FNMA) began the survey.

More consumers are willing to buy, with 69 percent of respondents saying they would buy if they were going to move, up 6 percent from May and the highest since the survey began.

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