Survey Shows Strong Confidence In Housing Market In July

Dated: 08/14/2016

Views: 602

Northern VA real estate map

According to the Fannie Mae Homebuyer Sentiment Survey homebuyer confidence rose in July 2016 to an all time survey high.

Survey results revealed:

  1.  33% of Americans say it’s a good time to buy a house, a 1 percentage increase over June.

  2. 20% of Americans say it’s a good time to sell a home, a 2 percentage point increase from June (a new survey high).

  3. 41% of Americans believe home prices will rise, an 8 percentage point increase from June.

  4. 36% of Americans believe mortgage rates will drop over the next year.

  5. 69% of Americans say they are not concerned with losing their job, a 1 percentage point increase from June.

  6. 11% of Americans say their household income is significantly higher than it was 12 months ago, a 3 percentage point increase from June’s sharp decline.

The share of consumers who said they would buy if they were going to move climbed to 67 percent, while the share of consumers who said they would rent dropped to 26 percent, an all-time survey low.


With mortgage interest rates remaining at historically low numbers and local inventory in Fredericksburg, Stafford, and Northern Virginia remaining relatively in balance at most price points, 2016 continues to look like the perfect time to Buy or Sell real estate in our market.


Contact a Berkshire Hathaway HomeServices Select Realty agent to learn more about the Northern Virginia real estate market.


Dan Lesher

After 15 years in sales, Dan Lesher began his career in real estate in 1997 with the goal of providing superior customer service, inspired by his own experience with lackluster real estate agents. Ove....

Latest Blog Posts

NEW LISTING ALERT

72 Village Grove Rd;Colonial located on 1/3 acre in a culdesac with fully finished back yard. This home offers 4 spacious bedrooms, large eat in kitchen, over looking family room and gas Fireplace

Read More

Check Out These 129 Homes In Stafford That Were Just Reduced

Looking for a good deal, or want to make sure you get an edge on your competition? Make sure to register  for The Acors Team's Buyer Advantage Program and get the most up to date information on

Read More

Confidence In Real Estate Market Rises Interest Rate Concerns Remain In Berkshire Hathaway HomeServi

Optimism toward the U.S. economy and real estate market rose across all generations of current and prospective homeowners in Berkshire Hathaway HomeServices’ latest Homeowner Sentiment Survey

Read More

Comprehensive List Of The 65 New Listings To Hit The Fredericksburg Market This Week

This week there were 65 New Listings to hit the market with the most expensive home listed just shy of $1.2 million on Lake Anna. The home boasts 5 Bedrooms and 3 Baths, a chefs kitchen, boat house

Read More