Americans’ attitudes about the housing market are strengthening, according to Fannie Mae’s May 2015 National Housing Survey, a survey of about 1,000 consumers on their views about homeownership.
In the latest survey, more consumers reported an increase in household income, nearing an all-time survey high. The growth in wages falls in line with the recent positive jobs report that showed an increase in average hourly earnings. "As job growth appears to be driving meaningful income growth, the outlook for housing market growth also is improving," according to Fannie Mae's report.
The share of consumers who say now is a good time to sell a home continues to rise, also reaching an all-time survey high in May at 49 percent of respondents. That marks six percentage points higher than last year. What's more, the number of consumers who say they would prefer to buy rather than rent a home on their next move rose three percentage points in May to 66 percent.