Source: The Street —
With home prices and mortgage rates soaring, it would seem that something has to give.
So it may not surprise you to learn that 78% of Americans expect a housing-market crash, according to a study by Consumer Affairs, a consumer information service. What may surprise you is that 63% of those surveyed want a housing crash.
Perhaps that’s because 75% of respondents said they plan to buy a home if the market crashes. And on average, they said they have $29,504 socked away to purchase one.
Generation Z (born 1997-2012) is the most eager for a crash, with 84% hoping for one. Gen Zers have saved the least for a home: $15,601 on average.