Mortgage giant Fannie Mae attributed rising optimism nationwide on household income and personal finances to adding upward mobility to optimism about the housing market.
The survey, taken in October, showed that 45 percent of respondents expected their personal financial situation to improve during the next 12 months, seven points higher than last year.
At the same time, just 10 percent expected to see worse personal finances.
But just 40 percent of the respondents said the economy is on the right track, which Fannie Mae called “subdued.” Nevertheless, it was a 13-point jump from October 2013.
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Respondents expected home prices to increase 2.8 percent during the next year, while 48 percent expect mortgage rates to climb.