Trulia Survey Reveals Homeowner Pessimism
Many homeowners believe that a housing purchase mistake in the past is now holding them back from making a move from their present situation.
Poll respondents believed that housing prices have become less affordable since 2012. More than a quarter of respondents stated that they cannot afford to buy a home in the present market.
High income homeowners seem to be putting down larger amounts and borrowing less money than in the past.
Pessimism isn’t a good recipe for a thriving market with more available loan programs and the Federal Reserve contemplating further interest rate increases. A stable market may still not be so tangible.