Homeownership Dream in Decline, Says Survey


Despite still-low interest rates and home prices as a result of a market glut, there are many Americans who believe they will never be homeowners.

A survey of visitors to the National Foundation for Credit Counseling's website reveals just how difficult people believe owning a home has become. Of the more than 2,000 respondents to the survey, 49 percent said they believe they will never be able to save enough for a down payment to purchase a home.

"We find that discouraging, not only for people hoping to buy a home, but for the housing market in general," Gail Cunningham, spokesperson for the NFCC, based in Silver Spring, Md., told HousingWatch.