Homeownership Still a Dream of Most Americans, Survey Says

Despite crumbling home values amid the housing downturn, the majority of Americans still aspire to own their own homes.

A new survey by Integra Realty Resources found that 75 percent of non-homeowners ages 22 to 50 would still like to own a home someday. Younger Americans were even more positive: Of those younger than 30, 47 percent said buying a home was very important to them; of those older than 30, 41 percent had the same response.

Despite this enthusiasm, many Americans are financially unable to take advantage of record low mortgage rates and low house prices. When asked why they haven't purchased a home yet, 31 percent of respondents said that they couldn't afford the down payment, 24 percent answered that they wouldn't buy one due to fear of making a bad investment, and 21 percent expressed concern about their uncertain economic outlooks.

See RealtorMag for more details.

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See also:
Housing Prices and Existing-Home Sales Rise in April
Senator's Mortgage Trouble Highlights Positive Housing Trend

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