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Confidence in the housing market running high among Americans

  • July 12, 2012

Confidence in the housing market running high among Americans

Americans continue to grow more confident in the housing and real estate market, according to the quarterly Prudential Real Estate Outlook Survey for the first quarter of 2012. After several years of pessimism that accompanied the housing market collapse in the late 2000s, the past few months have all seen improvements in consumers' expectations of the future.

According to the report, 69 percent of respondents believe real estate is a good investment - an increase of 17 percentage points from the first quarter of 2011.

Another recent study presented similar results. Fannie Mae's June 2012 National Housing Survey revealed that Americans continue to feel positive about the housing market, likely emboldened by low prices and interest rates.

"While consumers remain cautious about the general economy, their attitudes toward the housing market continue to improve," said Doug Duncan, senior vice president and chief economist for Fannie Mae.

For people considering relocating to a new home, this is likely welcome news. With low housing costs and improving job opportunities, this may be an ideal time to consider moving out of state or into a new home. For those who do, hiring professional relocation movers can help you capitalize on the situation and get the process completed in as little time as possible.

 

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