U.S. Housing Confidence: Future Uncertainty Weighs, But Key Demographic Groups Remain Confident
Americans’ overall confidence in the U.S. housing market slipped at the beginning of 2016 from a year ago, according to the January 2016 Zillow Housing Confidence Index, driven lower by diminished expectations of the market’s future. But despite this uncertainty, overall aspirations for homeownership are at their highest level in two years, driven in large part by faith among younger Americans and Americans-of-color in the general value of homeownership.