U.S. consumers saying 'bad time to buy' a house hits 13-year high in July

The share of U.S. consumers who believe it is a bad time to buy a home reached the highest level in at least 13 years in July.

  • The supply of available properties remains scarce and home prices appear to have stopped cooling.
  • Consumers’ outlook also appears to have taken a hit, with a net 17% of respondents expecting price increases in the next 12 months, the highest percentage in over a year.

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