RESIDENTIAL BROKERAGE

was a 2.5 percent increase, down from an expectation of 2.9 percent in the previous month but up from an expectation of 1.6 percent in the previous year.

For the third month in a row, 86 percent said they were not concerned about losing their job in the next 12 months; this was also unchanged from January 2019. Fourteen percent said they were worried that they might face unemployment in this period, up 2 percentage points from the previous month and 1 percentage point from the previous year.

Twenty-seven percent said their household income is significantly higher than it was 12 months ago, down from 28 percent in the previous two months and 34 percent in January 2019. Eleven percent said their income is significantly lower, unchanged from the previous month and 4 percentage points higher than in January 2019.

Fifty-four percent said they expect their personal financial situation to improve in the next 12 months, up 4 percentage points from the previous month and 3 percentage points from the previous year. For the fifth consecutive month, 9 percent said they expect their financial situation to worsen – a year-over-year drop of 2 percentage points.

Fifty-eight percent said they think the U.S. economy is on the right track, up 5 percentage points from the previous month and 9 percentage points from the previous year. Thirty-four percent said they think the economy is on the wrong track, down 2 percentage points from the previous month and 9 percentage points from the previous year.

Fannie Mae's National Housing Survey is issued each month and interviews approximately 1,000 American adults by telephone. Respondents are asked approximately 100 questions to gauge attitudinal shifts toward the housing market and economy.