April 2014 Data Release

Transcription

1 April 214 Data Release Fannie Mae s consumer attitudinal survey polls the adult U.S. general population to assess their attitudes about homeownership, renting a home, the economy, and household finances. The average 12-month home price change expectation increased from last month, to 2.9%. CONSUMER ATTITUDES ABOUT HOMEOWNERSHIP The share of respondents who say home prices will go up in the next 12 months increased slightly to 5%, and the share who say home prices will go down held steady at 5%, the alltime survey low Average 12 Month Home Price Change Expectation Share of respondents who say home prices will in the next 12 months Go Up Go Down Stay the Same The share of respondents who say mortgage rates will go up in the next 12 months decreased to 52%, and those who said they will go down increased to 7%. Those who say it is a good time to buy a house held steady at 69%, and those who said it is a good time to sell increased four percentage points to 42%, an all-time survey high Share of respondents who say mortgage rates will in the next 12 months Go Up Go Down Stay the Same Share of respondents who say it is a Good Time to Buy Good Time to Sell Fannie Mae National Housing Survey April 214 Data Release. 214 Fannie Mae. April 214

2 CONSUMER ATTITUDES ABOUT HOMEOWNERSHIP AND HOME RENTAL The average 12-month rental price change expectation decreased slightly from last month, to 4.%. 52% of those surveyed said home rental prices will go up in the next 12 months, holding steady from last month. 2% said home rental prices will go down tying the all-time low Average 12 Month Rental Price Change Expectation Share of respondents who say home rental prices will in the next 12 months Go Up Go Down Stay the Same % of respondents thought it would be easy for them to get a home mortgage today, falling seven percentage points from last month. Share of respondents who think it would be to get a home mortgage today The share who say they would buy if they were going to move decreased three percentage points to 65%. Share of respondents who say they would if they were going to move Easy Difficult Buy Rent Fannie Mae National Housing Survey April 214 Data Release. 214 Fannie Mae. April 214

3 CONSUMER ATTITUDES ABOUT THE ECONOMY AND HOUSEHOLD FINANCES The share of respondents who say the economy is on the right track increased two percentage points from last month, to 35%. The percentage of respondents who expect their personal financial situation to stay the same over the next 12 months decreased four percentage points to 41%. Share of respondents who say the economy is on the Right Track Wrong Track Share of respondents who expect their personal financial situation to over the next 12 months Get Better Get Worse Stay the Same The share of respondents who say their household income is significantly lower than it was 12 months ago decreased two percentage points to 12%, tying the all-time survey low. The share of respondents who say their household expenses are significantly higher than they were 12 months ago increased six percentage points to 39%. 8 6 Share of respondents who say their household income is than it was 12 months ago Significantly Higher Significantly Lower About the Same Share of respondents who say their household expenses are than they were 12 months ago Significantly Higher Significantly Lower About the Same Fannie Mae National Housing Survey April 214 Data Release. 214 Fannie Mae. April 214

4 Fannie Mae Monthly National Housing Survey April 214 APPENDIX About the Survey The Fannie Mae National Housing Survey polled a nationally representative sample of 1, respondents aged 18 and older between April 1, 214 and April 21, 214. Most of the data collection occurred during the first two weeks of this period. Findings were compared to the same survey conducted monthly beginning June 21. Interviews were conducted by Penn Schoen Berland, in coordination with Fannie Mae. The statistics in this release are estimated from sample surveys and are subject to sampling variability as well as nonsampling error, including bias and variance from response, nonreporting, and undercoverage. Expected price changes are calculated by creating an average of all responses, using a % change for those who said prices would stay the same, and excluding outliers beyond two standard deviations. All figures are shown in percentages, except where otherwise stated. April 214 Survey Audience Size: General Population (N=1,) Margin of Error: ±3.1% Average home price change expectation % April May June July August September October November December January February March April Share of respondents who say home prices will go up, go down, or stay the same in the next 12 months % Go Up % Go Down % Stay the Same April May June July August September October November December January February March April Fannie Mae National Housing Survey April 214 Data Release. 214 Fannie Mae. April 214

5 Share of respondents who say mortgage rates will go up, go down, or stay the same in the next 12 months % Go Up % Go Down % Stay the Same April May June July August September October November December January February March April Share of respondents who say it is a good time to buy, and share of respondents who say it is a good time to sell % Good Time to Buy % Good Time to Sell April May June July August September October November December January February March April Average rental price change expectation % April May June July August September October November December January February March April Fannie Mae National Housing Survey April 214 Data Release. 214 Fannie Mae. April 214

6 Share of respondents who say home rental prices will go up, go down, or stay the same in the next 12 months % Go Up % Go Down %Stay the Same April May June July August September October November December January February March April Share of respondents who think it would be difficult or easy for them to get a home mortgage today % Difficult % Easy April May June July August September October November December January February March April Share of respondents who say they would buy or rent if they were going to move % Buy % Rent April May June July August September October November December January February March April Fannie Mae National Housing Survey April 214 Data Release. 214 Fannie Mae. April 214

7 Share of respondents who think the economy is on the right track or the wrong track Right Track Wrong Track April May June July August September October November December January February March April Share of respondents who expect their personal financial situation to get better, get worse, or stay the same in the next 12 months % Get Better % Get Worse % Stay the Same April May June July August September October November December January February March April Share of respondents who say their household income is higher, lower, or about the same compared to 12 months ago % Higher % Lower % About the Same April May June July August September October November December January February March April Fannie Mae National Housing Survey April 214 Data Release. 214 Fannie Mae. April 214

8 Share of respondents who say their household expenses are higher, lower, or about the same compared to 12 months ago % Higher % Lower % About the Same April May June July August September October November December January February March April Fannie Mae National Housing Survey April 214 Data Release. 214 Fannie Mae. April 214