Is Now a Good Time to Buy a Home?
There is a growing feeling among Americans that the housing market is getting worse. A survey released by Fannie Mae in October 2022 shows that the share of people who think now is a good time to buy a home fell to an all-time low of 16%. Despite only tracking data since 2010, that’s the lowest percentage Fannie Mae has ever recorded. What’s more, another survey found that80% of 1,000 respondents believe that now is not a good time to buy a home. According to a similar Fannie Mae survey conducted in February, 70% of Americans said it was a bad time to buy, while 25% said it was a good time. To...