Americans Predict Rents and Home Prices to Increase

Lincoln Park Condos, Chicago Real estate agent Matt Pauli

Fannie Mae issues a report on the housing industry quarterly, and this last March report had some interesting findings from a consumer confidence level. Here are some highlights:

  • Thirty-three percent of respondents expect home prices to increase over the next 12 months, the highest level over the past 12 months.
  • The percentage of respondents who say it is a good time to buy rose to 73 percent, the highest level in over a year.
  • Forty-eight percent of respondents think that home rental prices will go up, the highest number recorded to date.
  • On average, respondents expect home rental prices to increase by 4.1 percent over the next 12 months,the highest number recorded to date.

For the full blog posting from my friends at KCM click here –> Americans Predict Rents and Home Prices to Increase. If you are interested in the complete survey from Fannie Mae, then click —> HERE.

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