U.S. Home Prices Seen Rising 1.7% Over the Next Year (Real Avg Weekly Earnings Only Growing At 1.6% YoY)

Fannie Mae’s recent survey discloses what Nobel Laureate Robert Shiller has said in the past: households are always overly optimistic about home price growth. Until now.
(Bloomberg) – Americans expect home prices to rise 1.7 percent over the next year, according to a monthly Fannie Mae National Housing Survey.
The survey, conducted by Penn Schoen Berland, in coordination with Fannie Mae, polls 1,000 adults during the first three weeks on the month. It has a margin of error of /-3.1 percent.

This post was published at Wall Street Examiner by Anthony B. Sanders ‘ March 17, 2016.