Americans are becoming more concerned about the housing market—specifically that it could turn into another housing bubble. Next Wednesday, ValueInsured will release their quarterly Modern Homebuyer Survey and according to them, homebuyers aren’t getting into the market for fear that their home won’t hold it’s value. However, buyers aren’t the only ones concerned, sellers are ready to get their home sold before anything happens.
According to a preview published by the company significant changes were tracked since last quarter. Millennials, while continuing to want to enter the market, will probably want to move around often. Sixty-three percent of millennial homeowners planned to stay in their current house for less than seven years. Some millennials remain hesitant, however. Sixty-three percent said that they are worried about a change in career or job when they think about buying a home.
The ValueInsured Modern Homebuyer Survey will release Wednesday at 9 a.m. EDT.
Other Events in the Week Ahead:
Consumer Credit Report, Monday 3 p.m. EDT
Job Openings Report, Tuesday 10 a.m. EDT
Weekly Jobless Claims, Thursday 8:30 a.m EDT
Federal Budget, Thursday 2 p.m. EDT
Consumer Price Index, Friday 8:30 a.m. EDT