RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

U.S. Consumer Housing Optimism Rebounds

October 9, 2014 1:32 am

Following a recent dip in consumer housing optimism, most indicators have rebounded to the modestly positive trend seen throughout 2014, according to results from Fannie Mae's September 2014 National Housing Survey. Turbulent geo-political factors likely weighed on Americans' attitudes toward the housing market during the past couple of months. In September, the share of consumers who say now is a good time to buy a home is back up to 68 percent, a four-percentage-point increase from August. Additionally, the share saying they would prefer to buy a home on their next move ticked back up to 66 percent after a three-point drop. The results also show a notable jump in consumers’ views toward the economy, with 40 percent of those surveyed saying it is now on the right track – a five percentage point increase from last month.

"The September National Housing Survey shows a slight recovery in consumer housing sentiment after a two-month setback, bringing us back to the modestly positive trend we've seen over the last year," said Doug Duncan, senior vice president and chief economist at Fannie Mae.

Key findings include:
  • The average 12-month home price change expectation rose to 2.2 percent.
  • The share of respondents who say home prices will go up in the next 12 months rose to 45 percent. The share who say home prices will go down decreased to 8 percent.
  • The share of respondents who say mortgage rates will go up in the next 12 months fell by five percentage points to 45 percent.
  • Those who say it is a good time to buy a house rose to 68 percent. Those who say it is a good time to sell also increased—to 39 percent.
  • The average 12-month rental price change expectation fell to 3.2 percent.
  • The percentage of respondents who expect home rental prices to go up in the next 12 months increased to 55 percent.
  • The share of respondents who think it would be difficult to get a home mortgage today decreased by one percentage point.
  • The share who say they would buy if they were going to move rose to 66 percent, while the share who would rent decreased to 28 percent.
  • The share of respondents who say the economy is on the right track jumped by five percentage points from last month to 40 percent.
  • The percentage of respondents who expect their personal financial situation to get better over the next 12 months fell to 41 percent.
  • The share of respondents who say their household income is significantly higher than it was 12 months ago increased by two percentage points to 25 percent.
  • The share of respondents who say their household expenses are significantly higher than they were 12 months ago increased slightly to 37 percent.
Source: Fannie Mae

Published with permission from RISMedia.


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Halloween Safety Tips for Trick-or-Treaters

October 9, 2014 1:32 am

More than 40 million children between the ages of 5 and 14 hit the trick-or-treat trails on Halloween. The nation's emergency physicians advise parents to review these safety guidelines with their children to avoid injury.

1. If possible, have children trick-or-treat at organized Halloween festivities, such as local churches, shopping malls or schools.

2. Make sure your child stays on the sidewalks as much as possible (off streets) and obeys all traffic signals.

3. Discuss the importance of staying together in a group. Require at least one adult to serve as chaperone during trick-or-treat gatherings.

4. Make sure your child knows the potential dangers from strangers. Make sure they know never to accept rides from strangers or visit unfamiliar homes or areas.

5. Avoid costumes that could cause children to trip, such as baggy pants, long hems, high heels and oversized shoes.

6. Avoid costumes that obstruct your child's sight or vision.

7. Avoid masks if possible. If your child must wear one, make sure it is well ventilated.

8. Make sure costume fabric, wigs and beards areas made of flame-resistant materials, such as nylon or polyester.

9. Keep candlelit Jack-O-Lanterns away from children so they can't get burned or set on fire.

10. Make sure costumes are visible at night: avoid dark colors. Add reflective tape to costumes so your child is more visible to motor vehicles.

11. Make sure you see all the candy before your child eats it. Avoid candy not wrapped in its original wrapper, as well as all fruit.

12. Take a flashlight while trick-or-treating as visibility decreases long before it gets really dark.

13. Check accessories such as swords, knives, wands and other pointed objects. Make sure they are made from flexible materials and have dulled edges.

Source: ACEP

Published with permission from RISMedia.


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