The Housing Market: Comeback or Crisis?
Like the aftershocks of a major earthquake, the housing bubble that burst in the U.S. at the onset of the financial crisis is sending waves of shock and caution throughout the country. The housing market is being watched for any activity that might indicate potential trouble.
The COUNTRY Financial Index Survey measured Americans’ feelings about personal finances, financial security, and asked about the housing market along the way. It found that 48 percent of those who participated believe the country may be headed for another bubble in the housing sector.
But while almost half of the country sees the potential for such an event, only 25 percent included it in their top-three list of economic concerns. About half of those who participated didn’t include another housing bubble in their economic concerns at all. But a strong housing market can be key for the economy for a variety of reasons.
The COUNTRY Financial Index Survey is a national telephone and online survey of at least 3,000 Americans.