The 50% of U.S. adults who say it is a good time to purchase a home is the lowest Gallup has measured, 2 percentage points below the prior low in 2006, before the subprime mortgage crisis helped plunge the country into the Great Recession.
The poll from Gallup’s annual Economy and Personal Finance poll, was conducted April 1-14 and comes with a record drop in Americans’ confidence in the economy and in their own personal financial situation.
“Americans’ opinions about the housing market have shifted dramatically as the U.S. economy has abruptly slowed down in attempts to stop the spread of the coronavirus,” the pollster said.