Sioux Falls Real Estate Blog

HAPPY NEW YEAR! And Happy Housing News from Sioux Falls.....

“December attitudes have rebounded from the lows seen during the debt ceiling debate and economic deterioration of Europe this past summer. There is marked improvement in consumer sentiment regarding the direction of the economy, personal finances, and future home price expectations,” says Doug Duncan, vice president and chief economist of Fannie Mae.

On average, the survey concluded that Americans expect home prices to increase by 0.8 percent over the next 12 months, up from 0.2 percent in November.

Additionally, 26 percent of respondents expect home prices to increase over the next 12 months (up 4 percentage points since last month), while 18 percent say they expect home prices to decline (down 4 percentage points since last month).

Excerpts from:

Consumer Attitudes Improve in December, By Pete Bakel, RISMedia

--Pam Kneip, HJN Team Real Estate, Sioux Falls, SD pam@gregkneip.com