[C]onsider that according to the January U of M consumer sentiment survey, the share of households who believed that the time was ripe to jump into the housing market jumped to 22% in January.
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Apologies for my synaptic inefficiency this frigid morning (at least for those of us on the eastern seaboard of the US) but I'm not quite clear on the full meaning here.
By households ready to "jump into the housing market" do they mean that people who're presently not mortgage payers are, in increasing numbers, feeling now is the time to pull the trigger?
And if that's the case, what are the dangers of this explosion of enthusiasm? We're told, by everyone from the local convenience store soft drink dispenser engineer to our own Jordan H. that increased home "ownership" (or, to be annoyingly precise, loan payments towards that goal) is a fantastic thing.
.d.
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