No matter how hard I try to be positive and optimistic about today's housing market, I always find myself in a catch 22 when I see reports such as the one below, being made public by a failing, on life support, quasi government institution.
I have to ask myself? Who did they called to get this information! It sure wasn't me or anyone in my neighborhood.
Mathews Realty Group
Retirement Investment Advisor
Self Direct IRA/Solo 401K specialists
Fannie Mae Finds Consumers Expect Home Prices to Hold Firm in 2011
Seventy-eight percent of respondents said they believe housing prices will hold steady or increase over the next twelve months, up from 73 percent who answered the same in January 2010.
Despite these positives, Duncan said, “[M]ost respondents to our survey continue to lack confidence in the strength of the economic recovery, and they are less optimistic about their ability to buy a home in the years ahead. This sense of uncertainty is weighing on the housing recovery today and reshaping expectations for housing for the future.”
One out of three delinquent borrowers continues to say they have considered defaulting on their mortgage, Fannie Mae also reported. However, that number fell from 39 percent at the beginning of 2010 to 31 percent in the fourth quarter.
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