How Do Americans Feel About Home Buying?

In this July 24, 2009, file photo, a pending home sale in Palo Alto, Calif., is shown. The National Association of Realtors said Tuesday, Sept. 1, 2009, pending U.S. home sales rose more than expected in July to the highest level in more than two years as first-time buyers rushed to take advantage of a tax credit that expires this fall.(AP Photo/Paul Sakuma, file)
AP Photo/Paul Sakuma
Mortgage giant Fannie Mae's latest survey suggests Americans have become more cautious about home buying, though most believe the market has bottomed out.

The Fannie Mae National Housing Survey shows 47 percent of Americans believe home prices will remain steady while 31 percent believe a slight rebound is coming in the next year.

Seventy percent of Americans think it is a good time to buy a house, compared with 64 percent in a similar survey conducted in January 2010. But 33 percent of those polled say they would be more likely to rent their next home if they were to move. That's up from 30 percent in January.

A large majority of Americans, 67 percent, still say housing is a safe investment. And more than 70 percent of those polled believe it will be harder for the next generation to buy a home, up three points from the beginning of the year.