Fannie Mae's August 2011 national consumer attitudinal survey finds that Americans’ attitudes about the economy, household finances, and homeownership are growing more pessimistic – with 78 percent of Americans believing that the economy is moving in the wrong direction, while only 16 percent think the economy is moving in the right direction. Twenty-seven percent of Americans believe home prices will go down and 22 percent of Americans polled expect their financial situation to worsen over the next year – the highest levels of pessimism for both indicators since August 2010.
The most detailed attitudinal survey of its kind, the Fannie Mae National Housing Survey polls 1,000 Americans each month to assess their attitudes toward owning and renting a home, mortgage rates, homeownership distress, household finances, and overall consumer confidence. Homeowners and renters are asked more than 100 questions used to track attitudinal shifts (findings are compared to the same survey conducted monthly beginning June 2010). Fannie Mae conducts this survey and shares monthly and quarterly results so that we may help industry partners and market participants target our collective efforts to stabilize the housing market in the near-term, and provide support in the future.
Fannie Mae’s monthly national consumer attitudinal survey report provides eleven indicators offering a window into the opinions of Americans across the country. These behavioral insights convey what consumers think about the outlook for owning and renting a home and about their household finances, and may serve as key inputs for determining the future course of investment across housing types.
On this webpage you will find a news release with details about the Fannie Mae National Housing Survey monthly release and the August 2011 data release highlighting eleven consumer attitudinal indicators.
Homeownership and Renting
The Economy and Household Finances