A lot of consumers have a very gloomy outlook about the market due to news of mass layoffs, high inflation, and rising credit card debt, according to a new survey that shows 41 percent of Americans believe the housing market will crash next year.
The survey was conducted on more than 2,000 American consumers by LendingTree.
Other discoveries by the online loan marketplace were that millennials are the most likely generation to agree a housing market crash is coming (44 percent), while baby boomers (35 percent) are the least likely.
The majority of Americans (74 percent) who believe the housing market will crash in the next year think it will be as bad or even worse than the 2008 collapse. …
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