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Fannie Mae's October 2013 Housing Survey Data Shows Price Appreciation Expectations Are Falling.    

   

 

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11/07/2013 - Fannie Mae October 2013 Housing Survey Data Released

The recent U.S. federal government shutdown and the ongoing debt ceiling debate appear to have taken a toll on Americans’ outlook toward the economy and housing market, according to the Fannie Mae October 2013 National Housing Survey results. As the survey is conducted generally during the first three weeks of each month, the majority of respondents in October were surveyed during the government shutdown. Notably, the gap between the share of consumers who said the economy is on the wrong track and those who said it's on the right track widened from 16 percentage points in September to 40 percentage points in October – a record month-over-month change since the survey’s inception in 2010.
 
With regard to housing, the share of consumers who say it's a good time to buy a house declined to 65 percent – also an all-time survey low – and the share who say mortgage rates will go up in the next year fell 6 percentage points to 57 percent. However, while Americans’ housing sentiment may continue to slow during the next few months as the debt ceiling debate ramps up, it is not expected to derail the gradual healing in the housing market.
 
More info - http://fanniemae.com/resources/file/research/housingsurvey/pdf/nhs-monthly-data-110713.pdf

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