Wednesday, March 2, 2011

Media: News Releases > Fannie Mae's Latest National Housing Survey Shows Key Changes in Americans' Attitudes Toward Housing and the Economy Over the Last Year

Media: News Releases > Fannie Mae's Latest National Housing Survey Shows Key Changes in Americans' Attitudes Toward Housing and the Economy Over the Last Year: "The percentage of Americans who believe that buying a home is a safe investment declined to 64 percent over the course of the year, from 70 percent in January 2010. This is down sharply from a similar survey conducted in December 2003, when 83 percent of the general population thought buying a home was a safe investment.

During 2010, survey respondents increasingly expressed a strong belief that it will be harder for future generations to obtain a mortgage. Three-quarters of those surveyed (74%) believe it will be harder to get a mortgage in the future, up from just over two-thirds at the beginning of 2010.

One out of three delinquent borrowers continues to say they have considered defaulting on their mortgage. However, that number fell from 39 percent at the beginning of the year to 31 percent in the fourth quarter. The number of delinquent borrowers who say they have seriously considered defaulting also has declined, from 25 percent in January 2010 to 19 percent.

For more detailed findings from the survey, click here."

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