Americans are currently reporting bigger concerns about their jobs, household income, and property prices
According to the report, 23% of Americans worry about losing their jobs amid the COVID-19 crisis. The data also found that the Home Purchase Sentiment Index (HPSI) fell 11.7 points to 80.8 in March 2020. It means that homebuying and home-selling conditions have worsened, taking not so optimistic views of the home prices increase.
In addition to that, 39% of Americans surveyed think that home prices will grow over the next 12 months
As to the mortgage rates, 20% of the respondents believe they will go down during this year. Meanwhile, 33% of Americans think mortgage rates will stay the same as they used to be.
The study also revealed that the percentage of Americans who say their household income is significantly higher than in the last 12 months is 27%. At the same time, 61% of the respondents answered that their household income is about the same.
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