Last year, everyone was excited to buy a house. This fall, they're pissed.
Just 29% of Americans said in September that it was a good time to buy a home, according to data from the University of Michigan's Surveys of Consumers. That's the smallest share since 1982 and close to record lows. The majority was excited about homebuying just months ago: 62% said it was a good time at the start of the year and 65% said so in March 2020, when the pandemic first slammed the US.
Last year's euphoria has curdled into a nationwide home shortage, largely thanks to widespread working from home and record low mortgage rates.
