Lenders such as
The GSE surveyed 1,000 Americans via telephone to get their opinions on key factors that affected growth of the national real estate market. This includes consumer sentiment about the direction of home and rental prices, access to a low cost mortgage, finances, and the economy and whether owning a home or renting is the better housing choice.
Based on responses for the June survey,
"Since we began collecting monthly
Here's what the data revealed:
• The average 12-month price change expectation dropped to 2.4 percent in June, down from 2.9 percent the previous month and 3.8 percent in
• The share of respondents that said home prices will decrease in the next year dropped to 46 percent from 48 percent in May, while the portion that said prices will increase rose to 10 percent from 7 percent the previous month.
• More consumers said now is a good time to buy. They accounted for 70 percent of respondents, up from 68 percent the month prior. Fewer said the market is viable for sellers, dropping from 43 percent to 40 percent month over month.
• There were more expectations for higher mortgage rates, as 55 percent said that interest will go up in the next 12 months, up from 45 percent in May. Meanwhile, only 4 percent said rates will decline.
For information about getting a low rate mortgage before anticipated interest increases, contact the
Read the full story at http://www.prweb.com/releases/2014/07/prweb12022567.htm
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