Consumer confidence in housing still trending upwards

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Despite some recent volatility, consumer sentiment towards the housing market continues to trend upwards, Fannie Mae reports.

The share of respondents who said it’s a good time to buy a house climbed 3 percentage points to 68 percent in February, while the share of people who say home prices will increase in the next 12 months rose by 7 percentage points to 50 percent, following a measurable drop the month before, according to Fannie Mae’s latest National Housing Survey.

Meanwhile, people’s confidence in access to credit lagged. The share of respondents who said it would be easy for them to get a home mortgage today fell 7 percentage points in February, the survey found.

Source: Fannie Mae