Welcome!




Expand Your Education with These Courses from
The Psychology of Consultative Selling: Skills for Sales Success: Part Four.
Territory Management: Skills for Sales Success: Part Eight.
Expand your education through NAR's REALTOR® University: A Consumer Advocate Approach to Mortgages: Course 2.
Accredited Buyer's Representative.
ACE: Purchase Reverse Mortgage Course.

Consumer Mortgage Rate Expectations Spike

Have a comment on this article? Share on Facebook!

By Pete Bakel

Homeownership and Renting

• At 3.8 percent, the average 12-month home price change expectation fell slightly from last month’s survey high.
• The share of people who say home prices will go up in the next 12 months hit a survey high 57 percent, while those who say home prices will go down held steady at the survey low 7 percent.
• The share of respondents who say mortgage rates will go up increased 11 percentage points to 57 percent, the highest level since the survey’s inception.
• At 72 percent and 36 percent, respectively, the shares who say it is a good time to buy a house and who say it is a good time to sell a house both fell 4 percentage points from May’s survey highs.
• The average 12-month rental price expectation jumped to 4.6 percent, a 1.2 percent increase over last month.
• Increasing 8 percentage points from May and reaching a survey high, 56 percent of those surveyed say home rental prices will go up in the next 12 months.
• Forty-seven percent of respondents think it would be easy for them to get a home mortgage today, a slight increase over last month.
• The share of respondents who said they would buy if they were going to move decreased slightly to 65 percent.

Continue Reading 1 2 3

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.




Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>