Americans are confident housing market will stay steady

Recent survey shows many Americans believe the housing market is steadyingA recent poll discovered that 78 percent of Americans think the current housing market will continue to be stable, or even improve, over the next calendar year. About 61 percent of those polled still think the recession will make the economy worrisome over the next year.

The poll, completed by Fannie Mae (http://www NULL.fanniemae NULL.jhtml;jsessionid=DVK520UE3AYTHJ2FECISFGA), was conducted from October to December of last year. The persons polled were both homeowners and renters, questioning their confidence of the current housing market and economy.

"More Americans believe that housing prices will remain stable over the next year. We also are seeing encouraging signs in the positive attitudes toward homeownership among younger Americans, despite the severe impact of the housing crisis on Generation Y," said Doug Duncan, the vice president and chief economist of Fannie Mae.

Duncan added that most of those polled do not have enough confidence in the economy and are increasingly concerned if they plan to buy a home in the future.

The Houston real estate is faring much better than the rest of the country. Local home prices have risen for the past several months, according to the Houston Association of Realtors, while the national market has struggled.

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