Consumers Weigh In
Diana Heeb Bivona
A large percentage of consumers — 47%– think a housing bubble and collapse of housing prices is very likely. That’s the findings according to a recent Experian-Gallup Personal Credit IndexSM survey. The survey also revealed that:
- People in the West (52%) and in the East (49%) had the highest level of fear in regards to a potential housing price collapse.
- Consumers (42%) with annual household incomes of $75,000 or more were somewhat less fearful of a collapse in housing prices than those consumers (50%) with incomes of $40,000 a year but less than $75,000 a year.
- Approximately 36% of homeowners with annual incomes of $75,000 or more have a first and a home-equity loan/line.
Popularity: 9%