It’s the worst time to buy a home in a generation, survey says
It’s the worst time to buy a home in a generation, survey says
By Augusta Saraiva | Bloomberg
US consumers are seeing home buying conditions at their worst in a generation as mortgage rates soar in response to the Federal Reserve’s aggressive tightening cycle.
About four in five consumers now describe buying conditions for homes as bad, a record in data going back to 1978, according to the University of Michigan’s consumer sentiment survey for November. The…