New Fannie Mae Survey Shows Buyer Urgency in the Housing Market
Several key factors are leading consumers to believe that now is a good time to buy a home, according to the newest Fannie Mae Housing Survey that was conducted this March. The survey found that 73% of respondents believe now is a good time to buy a home.
"Conditions are coming together to encourage people to want to buy homes," Doug Duncan, vice president and chief economist of Fannie Mae, said in a news release. "With an increasing share of consumers expecting higher mortgage rates and home prices over the next 12 months, some may feel that renting is becoming more costly and that homeownership is a more compelling housing choice."
For survey highlights, click here for the PARJustListed article and here for the Fannie Mae Housing Survey.
Welcome to the best source for West Chester real estate information
This website is one piece of a multi-faceted service commitment that combines personal, one-on-one attention with dynamic web and e-mail resources to deliver the most comprehensive and timely service to you.
As your real estate agent, I'll bring my years of experience successfully buying and selling homes in the local market. I know the neighborhoods, schools, market conditions, zoning regulations and what it takes to make the deal go through.
It takes a full-time commitment - anything less and you'd be short changed. As a full-time agent, I'm able to "work the market" for you, keeping up-to-date with new listings and conditions as they impact the market.
It would be my honor to serve as your real estate agent. Let's get together to talk about your home buying or selling plans. Call me at the office (610-431-1100) or on my cell phone (484-678-2784) or send me an e-mail (Tony@TonyDahm.com), we'll set-up a time to meet that is easy and convenient for you.
I look forward to working with you!
- Prudential Fox & Roach Realtors® 610-431-1100 Tony@TonyDahm.com
P.S. If you're not ready to meet in person, please tour my website. I'm sure you'll find the resources here useful and helpful. Enjoy!
The National Association of Realtors’ existing-home sales report for April shows a 3.4 percent rise in sales of previously owned homes. Total existing-home sales, which include single-family homes, townhomes, condominiums, and co-ops, rose to a seasonally adjusted annual rate of 4.62 million, up from March’s 4.47 million. The improvemen...Read More
The National Association of Realtors’ Housing Affordability Index measures the relationship between median home price, family income, and average mortgage rate to determine how affordable it is to buy a home in the current housing market. During the first quarter of 2012, the index reached a record high of 205.9. According to the report, a [....Read More
According to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development, privately-owned housing starts in April were at a seasonally adjusted annual rate of 717,000. That’s 2.6 percent above March’s revised number and 29.9 percent above April 2011. Single-family housing starts were also up in April, risin...Read More
Fannie Mae’s April 2012 National Housing Survey finds Americans’ attitudes toward homeownership, the economy, personal finances, and home prices continuing to improve. A large majority of respondents say now is a good time to buy a house and an increasing number say it’s a good time to sell. Doug Duncan, vice president and chief e...Read More
According to a Gallup poll tracking daily economic confidence, Americans’ view of the economy is increasingly positive and is now within one point of the highest level recorded since Gallup began daily tracking of economic confidence in 2008. Nearly half of respondents to the survey, which polled 3,426 adults across all 50 states and the [......Read More
According to the Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures both refinance and purchase loan activity, rose 1.7 percent last week from the week before. The increase was due to growing demand for conventional rather than government loans. Demand in the government market was down last w...Read More
The National Association of Home Builders’ Improving Markets Index held steady at 100 in May, down from 101 in April. The number of represented states was also virtually unchanged from the month before at 35. The index determines improving housing markets based on metropolitan areas that have had at least six consecutive months of improved [....Read More
The U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury’s monthly Housing Scorecard collects key market data and tracks the administration’s recovery efforts. The April report cites progress made in home sales and mortgage delinquencies but says there is continued fragility in the housing market. Mor...Read More
Gallup’s Job Creation Index rose another two points in April, increasing to 20 from 18 in March. The index, which began tracking job growth in January 2008, is at its highest level since July of that year and is approaching the highest score ever recorded by the index. Regionally, the Midwest and South led in [......Read More
Freddie Mac’s most recent U.S. Economic and Housing Market Outlook says the labor market is on track for an increase in job growth this year and the economy and housing market continue to make progress. According to Freddie Mac’s outlook, unemployment should fall to 8.0 percent by the fourth quarter and major economic indicators such [....Read More
