See Latest Survey On Home Ownership!
In spite of difficulties in the housing market, Americans still very much believe in home ownership. You can find the National Housing Survey which is done quarterly on FannieMae’s website. This survey asks Americans how they feel about housing. Here are a couple of findings from the most recent survey:
§ 96% of all homeowners (and even 93% of all homeowners that are currently are underwater) believe that homeownership has been a positive experience.
§ 84% of Americans and 70% of renters believe home ownership is a better alternative than renting.
§ 63% of renters have aspirations to someday be a homeowner.
§ 64% of Americans think buying a home is a safe investment. (A safer investment than stocks or government bonds)
§ When asked which investment is currently showing the most potential, more Americans picked buying a home than ANY OTHER INVESTMENT (stocks, bonds, mutual funds, etc.)
§ Broken down – 67% of homeowners, 55% of renters and even 75% of those homeowners underwater believe it is a good time to buy a home.
Home ownership is a choice made by considering one's lifestyle, priorities in life and financial stability. Once a person has the financial ability to purchase a home, renting vs. buying becomes a choice! This survey shows that even in today’s market, most people prefer to own and see the benefits of home ownership.