Americans trying to buy or sell a home are becoming more pessimistic, a new survey by Fannie Mae says.
Both prospective homebuyers and sellers are feeling increasingly annoyed by the housing market and the economy, according to a new survey.
Consumers surveyed were pessimistic about home-buying conditions. Only 20% said that it was a good time to buy a house. 75% said it was a bad time to buy a home. “People appear to be growing increasingly frustrated with inflation and the slowing economy,” Doug Duncan, senior vice president and chief economist at Fannie Mae, said in a statement.
One-fifth of respondents also expressed concerns about job stability in the Fannie Mae survey, which was the “highest percentage in 18 months,” Duncan said.
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