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Housing Recovery Expected to Press

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By Pete Bakel

The percentage of respondents who expect their personal financial situation to get better in the next 12 months decreased slightly from last month, to 43 percent.

The share of respondents who say their household income is significantly higher than it was 12 months ago increased 2 percentage points to 24 percent.

At 36 percent, the share of respondents who say their household expenses are significantly higher than they were 12 months ago rose 4 percentage points from last month.

To gather results, the Fannie Mae National Housing Survey polled 1,000 Americans via live telephone interview to assess their attitudes toward owning and renting a home, home and rental price changes, homeownership distress, the economy, household finances, and overall consumer confidence. Homeowners and renters are asked more than 100 questions used to track attitudinal shifts (findings are compared to the same survey conducted monthly beginning June 2010). Fannie Mae conducts this survey and shares monthly and quarterly results so that we may help industry partners and market participants target our collective efforts to stabilize the housing market in the near-term, and provide support in the future.

For more information, visit http://www.fanniemae.com/progress.

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