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- Americans don't feel good about the prospect of buying a house right now.
- 82% think it's a "bad time to buy" a new home, according to a Fannie Mae survey.
- Affordability has plunged due to soaring mortgage rates and low inventory levels.
Four out of every five Americans believe it isn't a good time to purchase a house, as spiking mortgage rates and low inventory levels fuel an affordability crisis.
In Fannie Mae's National Housing Survey for July, 82% of respondents said it was a "bad time to buy" a new home, the highest level on record since the mortgage financier started its poll in 2010.