By Jann Swanson | Mortgage New Daily
After closing to its narrowest margin in survey history in October the gulf between people who think the current market it a good one for buyers and/or good for sellers widened appreciably in November. Fannie Mae said that 68 percent of respondents to its National Housing Survey last month viewed it as a good time to buy, up 3 percentage points from last month, while those who thought it a good time to sell fell 5 points to 39 percent.
This and other results from the survey, Fannie Mae says, track closely with the uneven 2014 housing market trend, which is improving but lagging the overall economy. The survey found Americans’ personal financial outlook has increased fairly steadily during the year, lending supported to the housing recovery and the numbers who expect mortgage rates to go up over the next year decreased 3 points to 45 percent with a commensurate increase in those who expect no change. The company said the expectation that rates would increase has been on a gradual but uneven decline since the beginning of the year.
