The percentage of people who think it’s a good time to buy a home ticked up in
Fannie mae’s latest National Housing Survey, but the percentage of people who think it would be easy to get a mortgage plummeted in February from January’s all-time high of 52%. The number of Americans who think the economy is on the wrong track also spiked. Fannie Mae SVP and chief economist Doug Duncan thinks the unusually cold winter may have had something to do with faltering consumer optimism. “Weather may have played a role, as suggested by 6 percentage point jump over the past two months in the share of consumers who say their household expenses are significantly higher than a year ago,” “This response would be consistent with higher home heating costs. Despite the volatile month-to-month changes, we believe that the housing recovery is continuing, but it’s not yet robust.
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