Fannie Mae’s National Housing Survey reports American’s concerns are subsiding. Now that the job market is on rebound, the overall feelings about the economy and transversely the housing market have more and more confidence behind them.
“The pickup in the pace of hiring over the past few months has helped soothe consumer concerns, lifting their moods regarding their personal finances, the direction of the economy, and their views on the housing market,” says Doug Duncan, chief economist of Fannie Mae. “As a result, we’ve seen more potential for economic upside, creating a more balanced near-term outlook.”
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