Improved Housing Market May be Reaching it’s Plateau…

Chris Mesunas

Improving Housing Outlook May be Reaching Plateau

Fannie Mae said today that results of its monthly National Housing Survey shows that Americans are aware of and following trends in the housing market.  The outlook toward housing growth voiced by survey respondents has generally moved upward since the beginning of the year but now appears to have plateaued, perhaps due to concerns over the potential tapering of the Federal Reserve's asset purchases.

"The spike in mortgage rates associated with the possibility that the Fed will begin to wind down its asset purchase program later this month has dampened the improving trend in consumer sentiment regarding housing witnessed in our survey since the start of this year," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "The pause in positive momentum is consistent with slowing…

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