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Housing market satisfaction plummets in US

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Americans' satisfaction with the availability of affordable housing has plunged since 2020, when home prices began to increase.
The article from Newsweek, published on February 22, 2023, discusses a significant decline in satisfaction with the U.S. housing market, as reported by the University of Michigan's consumer sentiment survey. The survey revealed that satisfaction with the housing market has dropped to its lowest level since 1978, with only 14% of respondents feeling it was a good time to buy a home, down from 60% in 2021. This dissatisfaction is attributed to high home prices, elevated mortgage rates, and a low inventory of homes for sale. The article also notes that the sentiment varies by region, with the West experiencing the most significant drop in satisfaction, while the Northeast saw a smaller decline. The survey's findings suggest a challenging environment for potential homebuyers and a broader sentiment of pessimism regarding the housing market's current state.

Read the Full Newsweek Article at:
[ https://www.newsweek.com/housing-market-satisfaction-plummets-us-2065461 ]