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Confidence in housing market rose in February

Posted on 08 March 2013

Consumer confidence in the U.S. housing sector continued to rise in February, but more people expect mortgage rates to increase over the next year, according to Fannie Mae’s monthly national-housing survey.
The mortgage-finance company said its poll of 1,008 Americans showed home prices are expected to rise an average of 2.9% over the next year, slightly higher than the 2.4% increase expected in January. The share who believe home prices will go up in the next 12 months was 48%, a survey high, while those who think home prices will fall held steady at the survey low of 10%………………………………………..Full Article: Source

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