The Sky is Not Falling
With rising home prices, boosted home equity and home sales increasing every year, the housing crisis is over in many parts of the country. One place where it’s not: The minds of Americans.
A sizeable chunk of the population—44 percent—believes we’re still in the thick of the housing crisis, according to the MacArthur Foundation’s How Housing Matters Survey, which has been marking housing attitudes for the past four years. On top of that, 1 in 5 Americans worry that the worst is still to come.
Whether that is a significant reality or not, the survey speaks to the attitudes of many potential buyers and homeowners throughout the country. It reinforces the idea that despite a recovery fully taking hold on the books, many don’t believe it and therefore aren’t ready to sell and move on, and many potential buyers are afraid to get in the game.
A significant majority—81 percent—of Americans believes that housing affordability is a problem in America, and 68 percent believe that it is more difficult to secure stable, affordable housing today than it was for previous generations, according to the survey.
Clients may still need a little more handholding—and solid data on price appreciation—when it comes to their property’s future.
