Consumer Confidence in Home Prices Still on the Wane

buy vs rent
buy vs rent

The average consumer expects home prices to decline by at least 0.5 percent in the next 12 months, according to a new monthly consumer survey from Fannie Mae.

That forecast reverses the trend from May, when most consumers interviewed by the government-sponsored enterprise said that they expected at least a slight home price increase in the next year.

Those consumer revelations are part of the GSE's Monthly National Housing Survey, a reflection of consumer sentiment based on interviews with 1,000 Americans.