Growth in Home Prices to Continue

Dated: January 9 2013

Views: 3135

According to RIS Media, consumer confindence in housing grew last month as shown by continued positvie attitudes toward home price, rental price, and mortgage rate expectations according to Fannie Mae's National Housing Survey Results.

Fannie Mae expects home prices to rise on a national basis. This should also provide incentive to those so far sitting on the sidelines waiting to buy or sell. The average 12 month home price change expectation jumped 2.6 percent, the highest level since the survey began in 2010. 21 percent of respondents to the poll said it is a good time to sell, a 10 percent increase over last year.

This confidence continues despite uncertainty last month over the fiscal cliff and the economy in general. If you have been waiting to buy or sell, here is another indication that the market is definitely improving. Please feel free to call me today at Exit West Realty, 915-740-3632.

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David McKay

I have been with Exit West Realty since 2010 and prior to that have had 14 years of sales experience. I have a BBA and an MBA from the University of Texas at El Paso and have lived in El Paso all my l....

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