Consumer Confidence is Rising

Fannie Mae’s National Housing Survey from February showed that consumer confidence is coming back when it comes to real estate and the economy. “The pickup in the pace of hiring over the past few months has helped soothe consumer concerns, lifting their moods regarding their personal finances, the direction of the economy, and their views on the housing market,” says Doug Duncan, chief economist of Fannie Mae. “As a result, we’ve seen more potential for economic upside, creating a more balanced near-term outlook.” Interest rates for mortgages are still low and prices haven’t rebounded yet making this a great time to purchase. The survey showed that 65% of people said they would purchase over rent if they were going to move.

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