Consumer outlook of housing market tumble to record low, poll indicates

said it is “a good time to buy a house,” down from a previous low of 30% last year. These are the first years that fewer than half of adults feel optimistic about owning a home since Gallup first polled the issue in 1978.“It is likely that Americans’ pessimism about homebuying reflects the high prices and high interest rates that are conspiring to make mortgage payments less affordable,” Gallup said Tuesday. “These attitudes may keep many prospective homebuyers out of the market.

Enthusiasm for home buying dipped in the 2008 poll after the housing market crashed the previous year and again in 2020. But it still did not fall below 50% in either year.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

One of the first smartphone brands sold in the U.S. is leaving the consumer phone businessKyocera is exiting the consumer smartphone business as its president says that it cannot make a profit thanks to the extra costs of supporting 5G.
Source: PhoneArena - 🏆 322. / 59 Read more »

Executives are less worried about inflation. Walmart and Target earnings could disagreeWhen Walmart and Target report results in the week ahead, analysts expect another quarter of consumer needs massively eclipsing consumer wants.
Source: MarketWatch - 🏆 3. / 97 Read more »