Homeownership Declines in Popularity as Safe Investment

Consumers' attitude toward homeownership has worsened
Consumers' attitude toward homeownership has worsened

The mood of homeowners has not improved much since the beginning of the year. In fact, it's gotten a little darker. Respondents to a new survey conducted by Fannie Mae shows that 67 percent of respondents consider owning a home a safe investment.

That's a decline of 3 percentage points from the beginning of 2010, when 70 percent felt good about owning a home. In 2003, 83 percent of respondents said that they felt that putting money into a house was a good investment.

"Homeowners and renters alike continue to be wary of taking on risk, and they are less confident in the long-term outlook for housing," said Doug Duncan, VP and chief economist for Fannie Mae.