Fannie Mae’s April 2015 National Housing Survey shows sentiment in housing improved, but not enough to boost market activity this year, HousingWire reports.
Compared to last month, the percentage of respondents who said it would be easy to get a home mortgage increased by 2 percentage points to 52 percent. Additionally, the share of those who said they would buy if they were going to move rose 3 percentage points to 63 percent compared to last month, while the share who said they would rent fell to 32 percent.
“Nevertheless, consumers continue to express concerns about the recent weakening economic conditions and high home prices. These combine to depress the share of consumers believing it is a good time to buy a home,” said Fannie Mae's Senior Vice President and Chief Economist Doug Duncan.
Advertisement
Related Stories
Sales + Marketing
New-Home Sales and Navigating the 3 D’s: Death, Divorce, and Downsizing
Here’s how home sales experts manage challenging lifestyle changes with and for their buyers
Housing Policy + Finance
Even With Inflation Running Hot and Elevated Mortgage Rates, Buyer Demand Rises
Mortgage rates will likely stay high for the next few months, but that doesn't seem to be deterring homebuyers
Market Data + Trends
A Look at Homeownership Rates Across the Nation
Data for homeownership rates in the 100 largest US cities show Port St. Lucie, Fla., in the top spot, while West Virginia is the state with the most homeowners