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WASHINGTON, DC-To the extent that single-family home trends are a bellwether for commercial real estate (and after the recent economic unpleasantness, who could argue?) Fannie Mae's January 2013 National Housing Survey provides some good news for both sectors.
Some 23% of respondents to the GSE's survey think that now is a good time to sell, up from 11% last year. “The housing market continues to firm up, with consumer home-price expectations for both rental and ownership properties near the strongest levels we've seen in the survey's two-and-a-half-year history,” said Doug Duncan, senior vice president and chief economist at Fannie Mae, in a statement. “Concerns about job loss are waning as payrolls are growing,” he continues, “a trend that may give potential homebuyers more confidence that they can meet the financial obligation of homeownership.”
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
