The financial and psychological scars left after the foreclosure crisis seven years ago still remains in many Americans, The Wall Street Journal reports.
Despite strong improvements in economic data, a survey commissioned by the John D. and Catherine T. MacArthur Foundation found that more than 40 percent of Americans “believe that the country is still in the middle of the housing crisis, while one in five anticipate that the worst is yet to come,” the article says.
Overall, the survey found that most Americans are pessimistic about their prospects of affording a home, though more people are optimistic this year than last year when a similar survey was conducted.
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