Americans Upbeat About Housing, Not So Much With the Economy

Now is still a good time to purchase a home, say 69 percent of Americans who participated in Fannie Mae’s Monthly National Housing Survey. Some 62 percent of respondents would rather buy a home if they relocate in the next year, compared to 34 percent who say they would prefer to rent. On average, poll takers expect home prices to fall 0.5 percent in the coming year; and only 11 percent believe interest rates will continue to decline — but that was before the Federal Reserve unveiled new plans to stimulate the economy. | Read More