What's Going on in the Housing Market?

Fannie Mae recently released results from their National Housing Survey. The survey found Americans are showing increased confidence in the housing market and the direction of the economy. At 43 percent, the share of respondents who believe home prices will go up in the next 12 months reached the highest level recorded, up 6 percentage points over November. Twenty-one percent of respondents say now is a good time to sell, a 2 percentage point decrease from November’s record high, but a 10 percentage point increase year over year. The amount of people who said in November they believed it is a good time to sell a home jumped 5%- the highest increase since the survey began in June 2010. 51% of respondents also said they believe it would be easy to get a mortgage- another high mark since the survey’s inception. You can read more of the results at www.fanniemae.com.

Wondering how these results match what’s really going on in the metro Atlanta housing market? The best resource available for the latest data on the local market is Prudential’s video market update. To search any local area or get a quick recap for the whole metro area, visit http://tiny.cc/VideoMarketUpdates.

Prudential Real Estate consistently has the highest average selling price of homes and Petersen Partners is the top producing Prudential team in metro Atlanta. If you or anyone you know is considering buying or selling in 2013 and interested in more detailed information, I'm happy to offer a free, no obligation market report for your neighborhood. Contact me at John@PetersenPartners.com.