A record 87% of Americans now believe it is a bad time to bu...
A record 87% of Americans now believe it is a bad time to buy a home, more than DOUBLE the 2008 peak.
At the peak of the 2008 Financial Crisis, just 40% of Americans said it was a bad time to buy a home, according to Reventure.
In fact, even when mortgage rates hit a whopping 18% in the 1980s, sentiment was not as bad as it is now.
In the 1980s, this metric peaked at 79%, 8 percentage points BELOW current levels.
This is by far the most pessimistic housing market sentiment in history.
How is this a "soft landing?"
At the peak of the 2008 Financial Crisis, just 40% of Americans said it was a bad time to buy a home, according to Reventure.
In fact, even when mortgage rates hit a whopping 18% in the 1980s, sentiment was not as bad as it is now.
In the 1980s, this metric peaked at 79%, 8 percentage points BELOW current levels.
This is by far the most pessimistic housing market sentiment in history.
How is this a "soft landing?"
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
