Fannie Mae released its February 2014 National Housing Survey Results, and expects the housing recovery to continue.
Fannie Mae said in a recent article titled, Housing Recovery Expected to Press On Despite Recent Volatility in Consumer Attitudes.
“Similar to the noisy economic and housing data published over the past few months, we’ve seen a corresponding increase in volatility in our survey results, particularly for home price expectations and perceptions about the ease of getting a mortgage,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. “Weather may have played a role, as suggested by a 6 percentage point jump over the past two months in the share of consumers who say their household expenses are significantly higher than a year ago. This response would be consistent with higher home heating costs. Despite the volatile month-to-month changes, we believe that the housing recovery is continuing, but is not yet robust.”
Watch for higher prices
As the housing recovery continues, prices will continue to go up. As a result, pulling the trigger on a home purchase or refinance could save money.
When you get ready to purchase a home, or refinance an existing home, please remember Marimark Mortgage. We would appreciate an opportunity to earn your business, and help you reach your financial goals.
Marimark Mortgage is based in Tampa, Florida, and serves the mortgage needs of homebuyers, homeowners, and investors in Florida, Virginia, and Pennsylvania.
We specialize in mortgages for first-time homebuyers, conventional home mortgages, refinance loans, reverse mortgages, and FHA, VA, and USDA mortgage options. In addition, we’ve worked extensively with cash-out refinancing and help clients to lower their monthly mortgage payments.