Consumer confidence up on housing market

According to Fannie Mae’s most recent national housing survey of 1,000 respondents, confidence in America’s housing market continues its upward climb. Perhaps most telling: 23% of respondents feel this is a good time to sell a house. That’s the first time that number has risen above 20% since Fannie Mae started measuring that particular item. “This growing confidence in a housing recovery, in addition to other factors, may reinforce growing consumer optimism regarding the improving direction of the general economy,” says Doug Duncan, chief economist at Fannie Mae.

Of course, the old adage that all politics is local applies to real estate. All real estate is local. But Birmingham seems to be following trend: According to recent data, median home prices in the Birmingham area were up 14% in November.

Good news all around as we end up 2012. Let’s hope for more of the same in 2013.

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