According to the Fannie Mae Monthly National Housing Survey, 35% of Americans believe home prices will increase in the next 12 months. As illustrated in this chart, this is the highest recorded level this survey has ever seen. Optimism about the housing market was also seen in several other surveys as well. Seventy-three percent believe that now is a good time to buy, and sixty-nine percent said that if they were going to move, they would buy. This represents a 6 percent increase from the May survey.
Fannie Mae’s monthly national consumer attitudinal survey report provides indicators offering a window into the opinions of Americans across the country. These behavioral insights convey what consumers think about the outlook for owning and renting a home and about their household finances, and may serve as key inputs for determining the future course of investment across housing types.
