Many Still on Housing Sidelines Despite Positive Outlook
The number of respondents who said they think access to mortgages is better has increased
May 8, 2015
Many Still on Housing Sidelines Despite Positive Outlook
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.
