Housing Market Alarm as Homebuyers 'Most Pessimistic' They Have Ever Been

The vast majority of Americans believe now is a bad time to buy a home, according to a new survey.The University of Michigan's consumer sentiment survey on attitudes toward buying conditions for houses showed that in October, 82 percent said it was not a good time to buy a house currently.

Although mortgage rates have been much higher at times in the past, more people are now feeling pessimistic about home purchases than ever before.'High nominal home prices are having a huge impact on deterring buyers from the market,' Gerli continued. 'People don't really care about marginal swings in mortgage rates. They also don't really care that their income has grown the last five years.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Homebuyers Face Difficult Housing Market Under Trump PresidencyA second Trump's presidency is unlikely to offer much relief to Americans struggling with soaring home prices, low supply, and high mortgage rates, experts say.
Bron: Newsweek - 🏆 468. / 52 Lees verder »

Housing market hits highest inventory since 2019 as sellers flood the marketThe housing market is finally giving buyers some breathing room. After two years of skyrocketing prices and shrinking inventory, the number of homes on the market just hit its highest level since 2…
Bron: nypost - 🏆 91. / 67 Lees verder »