Fannie Mae survey highlights

Homeownership and Renting:

  • The average 12-month home price change expectation remained at 2.5%
  • The share of respondents who say home prices will go up in the next 12 months fell to 46%. The share who say home prices will go down fell to 6%
  • The share of respondents who say mortgage rates will go up in the next 12 months increased back to 48%
  • Those who say it is a good time to buy a house remained at 67%. Those who say it is a good time to sell decreased by 4 percentage points to 40%
  • The average 12-month rental price change expectation increased to 4%
  • The percentage of respondents who expect home rental prices to go up in the next 12 months remained at 52%
  • A survey high of 54% of respondents think it would be easy to get a home mortgage today, while the share saying it would be difficult to get a mortgage fell 4 percentage points to 43%—a survey low
  • The share who say they would buy if they were going to move fell 1 percentage