Markets & Economy

Consumers still confident in housing recovery

Fannie Mae survey shows uptick in concern over economy

Nearly twice as many people think now is a good time to sell compared to a year ago, Fannie Mae reported today. A record 26 percent of respondents to Fannie Mae's March 2013 National Housing Survey said now is a good time to sell, up from 25 percent last month and 14 percent from a year earlier, Fannie Mae said. The share of respondents who believe home prices will rise next year also was at a record high, holding steady at the 48 percent recorded in February's version of the survey, Fannie Mae reported. Fannie Mae's 2013 National Housing Survey was first administered in June 2010 during the depths of the housing crisis, accounting for why results that may reflect limited confidence in the housing market also may be the most positive on record. "Despite an uptick in concern expressed about the direction of the economy, it appears consumers believe that the housing recovery will march on," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "Housing s...