Wednesday, June 24, 2009

American's Attitudes Towards Homeownership is Changing

The National Foundation for Credit Counseling (NFCC) has released the results of a recent telephone survey regarding current consumer attitudes towards housing and homeownership in America.

The results show that attitudes towards homeownership have shifted in the past few years. One of the staggering findings is that currently, over 50% of those surveyed no longer believe that homeownership is a realistic way to build wealth - - even though homeownership is the NUMBER ONE wealth building vehicle for low to moderate income Americans.

The findings of the survey – which took place between May 29th and June 1st of this year - also include:

  • Almost one-third of those surveyed, or roughly 72 million people, do not think they will ever be able to afford to buy a home;

  • Forty-two percent of those who once purchased a home, but no longer own it, do not think they’ll ever be able to afford to buy another one;

There's lots of other valuable information regarding consumer attitudes towards homeownership... be sure to read the full report. (Scroll down, report begins AFTER the press release).

And now here’s an important piece for future homeowners:

  • Seventy-four percent of those who have never purchased a home felt that they could benefit from first-time homebuyer education from a professional.

THINK HOME STRETCH! If you’re thinking of purchasing your first home – or have recently gone through foreclosure and would like to investigate the possibility of purchasing another home in the future – the statewide network of Home Stretch Educators and Counselors are here to help! They’ll provide you with non-biased, honest answers to your homeownership questions. From teaching you the steps to become a SUCCESFUL homeowner to seeing if you qualify for any of the first-time buyer programs, down-payment assistance programs or foreclosure recovery programs… your local Home Stretch provider has only one goal in mind – helping YOU become a SUCCESFUL homeowner. For more information, click here.

No comments:

Post a Comment

This is a moderated blog. That means all comments will be reviewed before posting. In addition, we expect that participants will treat each other, as well as the Center, our Counseling Network and other partners, with respect. We will not post comments that contain vulgar or abusive language; personal attacks of any kind; any offensive terms; spam; are clearly “off topic” or that promote services or products. Comments that make unsupported accusations will also not be posted.