A Record Low Number of People Think Now is the Time to Buy a House

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Only a quarter of Americans, the fewest ever on record, consider right now the right time to purchase a new abode, according to a survey released Monday by Fannie Mae.

Rising home prices and mortgage rates have scared away consumers worried about affordability -- but the "good" news is there are hardly any homes left for them to buy anyway. Call it the best of a worst-case scenario.

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Source Fool.com