Majority of Americans Think the Housing Crisis Isn’t Over

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Majority of Americans Think the Housing Crisis Isn’t Over

Majority of Americans Think the Housing Crisis Isn’t Over

True. And most Americans still believe the government is still corrupt as shit!

 

WSJ-

Seven years after the worst of the foreclosure crisis, most Americans remain financially and psychologically scarred by the crisis and pessimistic about their prospects of affording a home, according to a survey commissioned by the John D. and Catherine T. MacArthur Foundation.

More than 40% of Americans surveyed believe that the country is still in the middle of the housing crisis, while one in five anticipate that the worst is yet to come, according to the report, titled the 2015 Housing Matters Survey.

That pessimism stands in contrast with improvements in the housing market over the last couple of years. Prices have been climbing for 35 consecutive quarters, according to the S&P/Case-Shiller Home Price Index for March. With interest rates near historic lows and prices still well below peak values in most markets, owning a home is also very affordable at the moment.

[WALL STREET JOURNAL]

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