Consumer Confidence is Rising in 2012
Fannie Mae Released the findings of the April 2012 National Housing Survey recently, which shows Consumer’s moving in a more positive direction. Some of the positives that indicate Consumer confidence is rising in 2012:
- Higher confidence in the direction of the economy: 37%, ↑
- More have seen an increase in their personal income: 33%, ↑
- On average, Americans expect home prices to increase by 1.3% over the next 12 months, ↑
- 75% say it is a good time to buy a home,
- 49% expect home rental prices to go up, with an average expected increase of 3.6%
- 65% say they would buy their next home if the were going to move
- Americans’ concern about losing their job in the next 12 months has stabilized since the late fall, with 76% saying they’re not concerned, compared to 70% in November 2011.
Fannie Mae has the most detailed survey of its kind, interviewing 1,003 Americans by telephone with over 100 questions used to track attitudinal shifts. The results are compared to the previous month, surveys have been conducted since June 2010. There are many indicators that consumer confidence is rising in 2012.
|The Highland Group
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