Consumers who said their income was noticeably greater than 12 months ago increased three percentage points to 15.
Respondents who said now is a good time to purchase a home rose to 63 percent, while the number who said it is a good time to sell a house fell to seven percent.
Another positive note: the number of respondents who are not worried about losing their job increased to 87 percent.
Doug Duncan, Fannie Mae’s chief economist, said high home prices have been a deterrent to would-be home buyers, but added, “A slower pace of home price appreciation may provide some relief for potential homebuyers, especially first-time buyers who couldn’t reap the benefits of selling a home at high prices to buy another one.” ##
(Photo credit: apartmentquest)