Another Housing Bubble?
By Kevin Dale Marciniak, Marciniak Team
(Re/Max Realty 100 Milwaukee Wisconsin)
According to the latest Country Financial Security Index, fewer Americans believe that homeownership is attainable for middle-income consumers. It’s no wonder with the housing events of the past few years, Americans just are not confident in the future of the housing market. Almost half of the people surveyed by the Country Financial Security Index believe that we are headed for another housing bubble. Last year, those that were surveyed, about 46%, said owning a house was something that was attainable. That percentage is down to 41% this year. At the same time, home prices are up 12.4% according to a Core Logic Home Price Index Report. The survey also looked at reasons why Americans do or do not own homes. One of the biggest reasons was they simply could not afford a down payment....
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