The American Dream of Homeownership Lives

After the harrowing challenges experienced by so many homeowners over the last few years, many housing experts had predicted that the belief in homeownership as a major element of the American Dream would soon die. This is not so!

According to recent survey conducted by Fannie Mae called the “National Housing Survey of Delinquent Mortgage Borrowers“. Surveyors asked questions about the value of homeownership to the most sensitive of all groups – those delinquent on their mortgages. Here is what they found:

•74% still see homeownership as better than renting when building up wealth
•71% still see homeownership as better than renting when saving for retirement
•73% still see homeownership as better than renting for overall financial stability
•80% still see homeownership as better than renting as an investment plan
•70% still see homeownership as better than renting for creating an overall tax strategy

The bottom line remains that to most Americans, even those who bet hard and lost, Homeownership is a crucial piece of the American Dream.

To download the PDF of the survey, click here.