Consumer confidence in the American housing market plunged to record low last month, according to a new survey.
Growing mortgage rates, higher home prices, and economic instability have led to increased pessimism in the housing market nationwide.
Consumer Confidence in US Housing Market Plunges to Record Low, Says Fannie Mae
Meanwhile, prices remain higher than last year
A view of Fannie Mae headquarters in Washington, D.C. Karen Bleier/AFP/Getty Images
