House members officially passed the fiscal cliff deal. While many Americans spent the holidays wringing their hands in anticipation of the House of Representative's vote, citizens continued showing increased confidence in real estate, the housing market and the direction of the economy.
Fannie Mae’s November 2012 National Housing Survey showed positive responses regarding the housing market, and continued strengthening in the housing sector is likely to support overall economic growth.
“Consumer attitudes toward both the economy and the housing market continue to gather momentum, with many of our 11 key National Housing Survey indicators at or near their two-and-a-half-year highs,” says Doug Duncan, senior vice president and chief economist of Fannie Mae. “On the housing front, attitudes about the current selling environment continue to improve, with a significant increase in those saying it would be a good time to sell. This growing confidence in a housing recovery, in addition to other factors, may reinforce growing consumer optimism regarding the improving direction of the general economy.”
We're excited to see the results of the December 2012 Monthly Housing Survey from Fannie Mae! Happy New Year from KNOWAtlanta--it's going to be a great one.