Fannie Survey Finds Home Owners Are Skeptical — New York Real Estate

Fannie Survey Finds Home Owners Are Skeptical

by Raja Tayeb on April 7, 2010

home-owners

The housing crisis has changed how Americans view homeownership, according to a survey of public attitudes by Fannie Mae.

The number of people who view homeownership as a safe investment declined from 83 percent in 2003 to 70 percent in 2009. In addition:

  • 48 percent of those surveyed said banks should foreclose on people who don’t pay their mortgages. 53 percent blamed borrowers – instead of banks – for taking out bigger loans than they could afford.
  • 15 percent of respondents said it is acceptable for borrowers who are underwater to walk away.


Source: The Washington Post, Renae Merle (04/06/2010)

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According to Fannie’s recent survey, number of people who view homeownership as a safe investment has decline (2009). What do you think?

Posted via web from New York Real Estate Access | Real Estate Blog

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