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Housing Sentiment Improves

According to a February 8, 2013 blog posted by Regina Ludes, a Fannie Mae survey indicates “more Americans say now is a good time to sell a home.”  The blog reported this sentiment is up 12% from a year ago and that “nearly 41 percent believe home prices will increase over the next 12 months…”  43% of those surveyed expect their personal financial situation to improve over the year, while only 19% are concerned about losing their job.  Chief economist at Fannie Mae, Dough Duncan stated, “…the number of homeowners who are underwater is declining, reducing a barrier for those owners who need to sell their home in order to buyer a new one.”

Source:  Council of Residential Specialists