Thanks to Bidenomics, homebuying confidence has reached an all-time low.
Fannie Mae reported:
More than 80% of Americans think it is a “bad” time to buy a home, a new Fannie Mae National Housing Survey finds.
The survey, released Monday, found 82% believe it is a “bad time” to buy a house in July compared to 78% in June.
The monthly survey, launched in 2010, tracks attitudes on home ownership and renting, according to the organization.
It is conducted by telephone with around 1,000 American adults who make financial decisions in households during the first three weeks of the month and is usually released around the 7th of the following month and has a margin of error of around plus or minus 0.4 or fewer percentage points.
This comes as Moody’s downgraded 10 banks yesterday and put some of the biggest banks in the US on notice.
The US credit rating agency Fitch last week downgraded the US government!