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Home > Business, Economy, home buyers, News Item, Trends > Desire for Home Ownership Remains Strong

Desire for Home Ownership Remains Strong

July 28th, 2016

homeownership   fotosearch stock photo postedDailyBusinessNewsMHProNewsAccording to the Morning Consult Poll, buying a home remains a top priority for an overwhelming majority of Americans, according to what thehill tells MHProNews. Further, the National Association of Home Builders (NAHB) reports 82 percent of respondents feel owning a home is still a good investment.

The survey shows that most Americans believe that owning a home remains an integral part of the American Dream and that policymakers need to take active steps to encourage and protect homeownership,” said NAHB Chairman Ed Brady.

When asked which presidential candidate would be best for housing, 38 percent said Clinton would be the better choice, 37 percent said Trump and 25 percent did not know.

While the survey found 81 percent of those 18-to-29-year-olds polled want to purchase a home, 72 percent say the government should provide tax incentives to support homeownership.

Of the 2,800 registered voters who were polled in the survey July 22-24, 46 percent said now is a good time to buy a house while 23 said it is not; 55 percent said the biggest hurdle to buying a home was finding one at a price they could afford. Fifty percent do not have sufficient savings for a down payment, and 41 percent said they would have difficulty getting approved for a home loan.

Additionally, 36 percent would like to acquire a home in the next three years. ##

(Image credit: fotosearch–images of homeownership)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

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