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Americans say it's the worst time ever to buy a home

·1 min

Americans are feeling pessimistic about the housing market, with only 21% believing it is a good time to buy a house, according to a recent survey. This is tied with the previous year for the lowest reading in history. The survey also found that 76% of Americans think it is a bad time to buy a house, just below the record high of 78% set last year. The frustration is attributed to high home prices and mortgage rates. The rising mortgage rates have made it more unaffordable for prospective homebuyers, resulting in additional interest costs. The survey shows that 68% of US adults expect local home prices to increase in the coming year, adding to the difficulties faced by those aspiring to own a home.