The American populace is showing much more optimism when it
comes to the future direction of the Real Estate market as well as
the economy as a whole. Indeed, there is still a great deal of
improvement that needs to occur on a Nationwide scale for both,
however the one clear thing that we can take from it all is that we
are finally headed in the right direction.
Fannie Maes September National Housing Survey of 1,000 Americans
is the source for all of this news. They determined that as of the
end of September, it marked the eleventh month in a row where
respondents have answered with sheer positivity that they believe
housing prices are headed in an upward direction. Only 11% of those
polled feel housing prices are going in the wrong direction and
this was the lowest percentage ever since the surveys launching
back in 2010.
How much does the average citizen feel housing prices will climb
then? 1.5% over the next year to be exact. Moreover, if this figure
continues to hold true and prove accurate it will be an amazing
feat for the Real Estate industry which continues to climb back to
pre-recession levels. In a past blog we even reported how REALTORS
across the nation are pointing out that upon the completion of
their recent transactions, they are now experiencing constant or even higher
prices than usual. Currently, 20% of people feel now is an
ideal time to sell while 69% say this is the ultimate time to buy
as the market is now building, with the other 11% polled left
undecided.
In terms of the economy, 41% noted that the economy is on a
great path for growth and prosperity. This is a vast improvement
upon the 33% confidence the economy received for Augusts survey
only a month prior. It appears as though the Real Estate business
being as successful as it has been thus far in 2012 is one of the
major catalysts for propelling the economy to dig itself out of its
recent troubles. We can only hope and work hard together to ensure
that such optimism amongst the population continues to be met by
paralleled success from both the Nations economy and its Real
Estate industries.
More Information: National Association of
Realtors