U.S. consumers saying ‘bad time to buy’ a house hits 13-year high in July
Posted By Peter Coyne | 2023-08-15 03:50:36
The share of U.S. consumers who believe it is a bad time to buy a home reached the highest level in at least 13 years in July.
- The supply of available properties remains scarce and home prices appear to have stopped cooling.
- Consumers’ outlook also appears to have taken a hit, with a net 17% of respondents expecting price increases in the next 12 months, the highest percentage in over a year.