Optimism About Housing Recovery Growing

Optimism on the Rise

According to Fannie Mae’s September Housing Survey, consumer attitudes about the housing market recovery, and homeownership in general, are on the rise.  Consumer attitudes about the economy also improved substantially.

Chief economist at Fannie Mae, Doug Duncan said, “Home price change expectations have remained positive for 11 straight months, and the share expecting home price declines has stabilized at a survey low of only 11 percent. Furthermore, the Federal Reserve’s latest round of quantitative easing has caused a large drop in mortgage rate expectations. Friday’s September jobs report, including the strong upward revisions for prior months, a sizable increase in earnings, and a sharp decline in the unemployment rate, should provide further impetus for improving consumer confidence in the housing market.”

Monthly National Housing Survey

Click to review the September 2012 Data Release. Survey highlights include:

  • The number of survey respondents who say home prices will increase in the next 12 months has increased to 37% – the highest level since the survey’s inception in June 2010.
  • The percentage of respondents who said it’s a good time to sell has increased to 19% – the highest level since the survey’s inception.
  • The percentage of respondents who said the economy was on the right track jumped from 33% in August to 41% in September.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.