For the first time in five years, the Fannie Mae National Housing Survey revealed on Monday that more respondents believe the economy is on the right track than the wrong track.
According to February’s numbers, a survey high of 47 percent of respondents believe the economy is moving in the right direction, while 45 percent believe we’re still not there yet.
“Continuing improvements in consumer attitudes in this month’s National Housing Survey lend support to our expectation that 2015 will be a year of the economy dragging housing upward,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. “We continue to see strength in attitudes about the current home buying and selling environment and consistently high shares of consumers saying they expect to buy a home on their next move. At the same time, we still need to see further growth in consumer optimism toward personal finances and income for more robust improvement in housing market attitudes.”
Image via flickr/FutUndBeidl