Fannie Mae finds increased homebuyer faith in housing recovery via HousingWire

Sixty-nine percent of the consumers answering Fannie Mae's latest housing survey said they would choose to buy a home over renting if they had to move in the coming months.

Fannie Mae, which polled 1,000 consumers for its September survey, said that figure is equal to the June level and the highest point reached in the survey's existence, suggesting an overall turnaround in consumer sentiment when it comes to housing.

"Consumers are showing increasing faith in the nascent housing recovery," said Doug Duncan, senior vice president and chief economist of Fannie Mae. "Home price change expectations have remained positive for 11 straight months, and the share expecting home price declines has stabilized at a survey low of 11%."

Read more...HousingWire | Fannie Mae finds increased homebuyer faith in housing recovery