Americans Still Plan to Buy Homes -- But Not McMansions

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homeownershipAmericans have been skittish about buying new houses since the collapse of the real estate bubble. But they remain committed to the idea of homeownership, even if it's unclear how or when demand will pick up and drive a market recovery.

A recent survey published by the real-estate site Trulia shows that 70 percent of Americans still consider home ownership a central part of the "American Dream" -- a number unchanged since January, when Trulia last performed this survey, despite months of weak economic performance.

Moreover, Trulia found that nearly two-thirds of young people -- 65 percent of those aged 18 to 34 -- also consider homeownership to be part of the American Dream, even though ownership figures within that group have slumped since 1980.

Read the full story at The Huffington Post.

See also:
Home Sales Rise and Buyers Grab Foreclosures
Viewpoint: Why No New Homes May Be a Good Thing

Viewpoint: What's Behind Banks' Big Foreclosure Push?

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