The Real Deal Miami

Sentiment toward homeownership strong

April 07, 2010 12:03PM

While some potential homebuyers are approaching the market more cautiously, most still view homeownership as the American Dream, according to a public sentiment survey by Fannie Mae. The housing organization found that while around 23 percent of renters plan to delay their plans to buy a home, 70 percent of the survey respondents, who were polled between December 2009 and January 2010, still consider a home to be “one of the safest investments available.” Around 65 percent of respondents also said that they would rather own a home than rent one. Mike Williams, president and CEO of Fannie Mae, said that the data indicates positive public sentiment toward the institution of homeownership. “Despite the recent downturn in the housing sector, Americans continue to value homeownership and think about their homes in ways that go much deeper than the financial investment,” Williams said. TRD