I recently read an interesting article highlighting some disturbing statistics:
1. Almost one in seven mortgage holders fear that they will soon default on a monthly payment.
2. 60% of holders will not consider purchasing a new home within the next two years.
3. 30% of homeowners are worried about their homes declining in value during the next two years. I feel these statistics are demonstrative of the U.S. housing market decline.
4. 40% feel the prices will continue to decrease, while another 40% are confident prices will start to climb.
5. 43% of customers in the market for purchasing a home feel the value will decrease within the next two years.
6. 59% of potential customers feel that now is a good time to invest in a home
7. 2/3 of the survey felt that now is a harder time for first time homebuyers than two years ago.
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