Economic pessimism is deepening across the U.S., with new data from Fannie Mae showing that nearly 70% of Americans think the economy is headed in the wrong direction. 73% believe it’s a bad time to buy a home, reflecting widespread unease as fall begins.

Fannie Mae’s September 2025 Home Purchase Sentiment Index, based on the National Housing Survey, found that just 32% of respondents believe the economy is on the “right track,” while 67% say it’s on the “wrong track,” up from 64% in August. The data points to persistent concerns about inflation, high borrowing costs, and global instability weighing on U.S. households.

Only 32% of Americans expect their personal finances to improve within a year, compared with 23% who foresee a decline. Most—45%—anticipate little change. Roughly three-qu

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