Contrary to what every realtor says, right now is arguably the worst time ever to buy a home

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by seeyalaterdingdong

According to UMichigan’s Surveys of Consumers, it is just about the worst time ever to buy a home with the exception of parts of last year when mortgage rates were pushing 8% and in 1981 at the beginning of the recession when mortgage rates were 18%. They buying conditions plot takes into account consumer’s opinions on price, interest rate, economic uncertainty, and capital gains to create an overall idea of where the market is at

data.sca.isr.umich.edu/charts.php

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