Fannie Mae has released its 2010 "National Housing Survey"!
The Survey, conducted in December 2009 and January 2010 (so the data is fairly recent)... surveyed consumer perspectives on a range of related issues, including: current attitudes toward the economy and housing; present conditions for homeownership; owning versus renting; the present climate for borrowing; current mortgage satisfaction; the impact of being "underwater" on borrowers; and attitudes toward defaulting. In some instances, data are compared to a 2003 study on housing by Fannie Mae.
Over the next few weeks... we'll be highlighting some of the findings of the survey.
Here's the first highlight: Reasons for Buying a Home:
Nearly two-thirds (65 percent) of survey respondents prefer owning to renting, citing non-financial reasons such as safety (43 percent) and quality of local schools (33 percent) as driving factors in wanting to own a home.
Here's the breakdown of responses:
One of the interesting points of that question, is that only 11% of respondents listed "Energy Efficiency" as a reason to choose a home to purchase. 11%. There seems to be a large disconnect between the push for "Green Building" and what consumers really want. (Comments are welcome in the comment section! No flame wars, please).
Care to share with us the factors that are/were important to YOU when you purchase (or purchased) YOUR first home. Take our non-scientific survey/poll here.
Are you currently considering purchasing your first home? There are LOTS of factors to consider... as you can see from the Survey Results above. Make sure you're fully informed about how to be a SUCCESSFUL homeowner by speaking with a Housing Counselor or by taking a Home Stretch workshop first. For more information on buying your first home in Minnesota, click here.