Americans say it’s the worst time ever to buy a home
CNN
Americans remain historically gloomy about the dream of homeownership.
Americans remain historically gloomy about the state of the housing market. Just 21% say it’s a good time to buy a house, according to a Gallup survey released Thursday. That is tied with last year for the worst reading in Gallup history. An overwhelming majority of Americans — 76% — say it’s a bad time to buy a house. That’s just below the record of 78% set a year ago. The findings reflect lingering frustration with the affordability crisis in housing. Young Americans seeking to buy a home have been confronted by a toxic one-two punch of record-high home prices and painful mortgage rates. “Americans remain highly pessimistic about the market for homebuyers,” Jeffrey Jones, Gallup Senior Editor, wrote in the report. The survey is yet another economic indicator that should trouble White House officials as they struggle to win over Americans upset with the high cost of living.
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