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

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.