New data, according to the most recent Fanni Mae Housing Survey, shows that most consumers think now is a good time to buy as well. According to More Americans think it's time to buy a home, an article on MSN Real Estate, 73% of respondents, up from 70% in February, agreed that 2012 is the time to buy a home. According to this article, these were some of the factors leading people to favor buying sooner rather than later:
- 33% expect home prices to increase, the highest percentage in more than a year, and 5 percentage points higher than the previous month.
- 39% expect mortgage rates to rise in the next year, up five percentage points from the previous month.
- 48% expect rents to go up, up three percentage points from the previous month and the highest number recorded since the survey began in 2010.
- 44% expect their personal financial situation to improve in the next year, the same percentage as the last three months.
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