AP Poll: Growing Majority Avoid Buying Homes as Pessimism Over

By: Associated Press Email
By: Associated Press Email

Washington (AP) A vivid new sketch of how the housing crisis is weighing on the minds of many Americans.

An Associated Press-AOL Money and Finance Survey finds one in seven mortgage holders are worried that they won't be able to make their monthly payments on time over the next six months.

More than a quarter are concerned that their home will lose value over the next two years.

Sixty percent of the people surveyed say they definitely won't buy a home in the next two years. That's up from 53 percent in a poll in 2006. Just 11 percent are certain or very likely to buy soon, down from 15 percent two years ago.

The growing reluctance to dip into the housing market seems to stem partly from worry that housing prices will continue falling. That's good if you're buying a house but bad if you're trying to sell one.

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