Survey: Confidence in Home Price Gains Reaches Record Level

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San Diego At Home

April saw continued growth in American optimism when it comes to housing health, according to results in Fannie Mae’smonthly National Housing Survey.

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More than half of those who took the survey (51 percent, up from 48 percent in March) said they expect home prices to climb in the next year, while 10 percent—flat for the fourth straight month—expect declines. Thirty-five percent expect no changes.

April’s report marks the first time in the survey’s three-year history that more than half of respondents projected price gains. As of April 2012, only about a third (32 percent) of those surveyed said they anticipated price gains.

The average 12-month price change expectation was 2.7 percent, flat from March and down from February’s high of 2.9 percent.

“Crossing the 50 percent threshold marks a significant milestone as most Americans believe a housing recovery is truly occurring throughout the country,” said Doug Duncan, SVP and chief…

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