As Prices Soar, So Does Confidence In The Housing Market

Investing.com – It’s boom time again for America’s housing market.
Prices are soaring, demand is strong and supply is limited.
If that isn’t enough to convince you, two recent surveys show confidence in the market is sky high.
Fannie Mae’s housing sentiment survey hit a record high of 91.7 in April. Almost one out of two surveyed said prices would rise in the future.
A new Gallup poll showed 64% believe home prices in their area will continue to increase over the next year–the highest reading since the last housing boom more than a decade ago.
Analysts say a strong economy and historically low mortgage rates are driving the housing market.

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