Majority of Americans Still Aspire To Homeownership

More than 51 percent of people recently surveyed by Fannie Mae said the housing crisis had no effect on their willingness to buy a home. Among those that said it had an impact, 27 percent said it made them more likely to own, while 19 percent said they were more likely to rent. Doug Duncan, Fannie Mae’s chief economist, said the housing crisis hasn’t dented the desire for homeownership but it may have changed the reasons people want to own. When deciding to purchase a home, lifestyle considerations such as sense of security, raising a family, and location and quality of living space were more likely to influence consumers than financial concerns. More here and here.

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