Economy intimidating home buyers
Sixty-three percent of American adults say they are less likely to buy a house because of the current state of the economy, according to a new national survey by FindLaw.com. About a quarter of the people surveyed say they are neither more likely nor less likely to buy a house because of the economy, and 8 percent said the current economic situation makes them more likely to buy a house. The economy is driving lower-income individuals and families out of the market, according to the survey. People with annual incomes of less than $50,000 were significantly more likely to say they are less inclined to buy a house than people with higher incomes.