Americans Still View Home Ownership Favorably
According to the Fannie Mae National Housing Survey conducted between December 2009 and January 2010, two-thirds of Americans still believe that owning a home is preferable over the alternatives, recent market challenges notwithstanding. "Despite the recent downturn in the housing sector, Americans continue to value homeownership and think about their homes in ways that go much deeper than the financial investment," said Mike Williams, President and CEO, Fannie Mae.
According to the survey,
Bob Dohn
Coldwell Banker Residential Brokerage
140-A S. Roselle Rd., Schaumburg, IL 60193
Direct phone: 847-301-3126
Web: www.BobDohn.com
According to the survey,
- 80% of those polled consider homeownership important to the economy.
- 64% think this is a good time to buy a home. This is about as many who said it was a good time to buy in 2003, well before home prices peaked.
- 73% believe home prices will go up or stay the same over the next year. (37% said they feel prices will rise, 36% felt prices will stay the same.)
- 70% felt that buying a home is still one of the safest investments available.
- 65% prefer owning over renting. (Somewhat surprisingly, they cited non-financial reasons, such as safety and quality of local schools, over economic considerations, even though the vast majority felt that owning a home was a great investment.)
- 67% of renters plan to buy a home sometime in the future.
Bob Dohn
Coldwell Banker Residential Brokerage
140-A S. Roselle Rd., Schaumburg, IL 60193
Direct phone: 847-301-3126
Web: www.BobDohn.com
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