Housing Confidence Bottoms Out

DALLAS/ May 16, 2018 (STLRealEstate.News) — The desire to own a home remains high, currently at 79 percent among non-homeowners, however; 67 percent believe the American housing market is unhealthy, according to the latest ValueInsured quarterly Modern Homebuyer Survey. In addition, the number of people who believe buying a home today is a secure and smart investment dropped to 52 percent. Despite reports of a strong sellers’ market, the decline in confidence is significant across the board among homeowners and non-homeowners alike:

-Latest ValueInsured Housing Confidence Index registered at 62.0, a 4.9-point drop from Q1 2018.

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