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Housing Market Improving Nationally

The number of Americans who have a positive perception of the current housing market has improved significantly from a year earlier, according to Fannie Mae's December National Housing Survey. The year-over-year gains reflect an increasingly strong recovery, despite a dip in sentiment during the fall.

For example, the percentage of respondents who feel it's a good time to sell a house rose from 21 percent to 33 percent over the last year. The percentage of participants who said they felt it would be easy to obtain a home mortgage also increased over the past 12 months, from 45 percent last year to 50 percent in the most recent survey. Doug Duncan, senior vice president and chief economist at Fannie Mae, said consumer attitudes about the ease of getting a mortgage today are at their highest level in the survey's three-and-a-half-year history. According to Duncan, that improvement should help offset the effects of higher mortgage rates and support a continued but measured housing recovery as we move through 2014. Also, the number of Americans who believe now is a good time to buy a home jumped to 67 percent and the percentage of respondents who feel their personal financial situation will get better in the next year was up four points to 42 percent.

With this kind of enthusiasm from potential buyers, we in the Taos and Angel Fire real estate market are convinced 2014 will see even higher sales than in 2013. Taos and Angel Fire real estate is becoming popular, not only with vacation home and second home buyers, but with young people and families. With the dramatic rise of telecommuting jobs many buyers are looking at a home in Taos or Angel Fire as a great way to get out of the rat race and still have a good job.

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