American housing market optimism erodes

​​DALLAS – Only 50 percent of all Americans believe the housing market is healthy, down 10 percent from last year, according to a ValueInsured homebuyer survey.

While 67 percent of U.S. homeowners think the market is healthy, only 33 percent of non-homeowners agree. 

Around 64 percent of Americans think buying a home today is a good investment, compared with 77 percent of homeowners and 52 percent of non-homeowners. 

Only 32 percent of non-homeowners think they can afford a home. ​

According to ValueInsured, rising home prices, mortgage rate hikes, and price sustain​ability​​ doubt are lowering homebuyer confidence. 

Sixty-eight percent of Americans say a market correction will happen within the next two years. A majority (62 percent) of Americans say people who buy a home now will have buyer’s remorse. 

For info on Texas housing affordability, read the Center’s latest Texas Housing Insight report.