Housing Market Perceptions Dampen Homebuying Intentions

Homeownership appears to be further out of reach for non-homeowners in the U.S. Two-thirds of these Americans report being priced out of the market, and the smallest percentage recorded in years say they expect to buy a home within the next five or 10 years. More generally, Americans remain broadly skeptical about the housing market, as they have been since 2022, with the majority saying it's a bad time to buy a house.