Survey Results
Home a 'Sounder' Investment Than Stocks, Americans Say

A survey recently released by the Homeownership Alliance shows that 87 percent of Americans believe home ownership provides a "sounder" investment than the stock market and that more Americans would benefit from taking advantage of such an opportunity.

The survey of 1,500 randomly selected adults nationwide also found that more than 70 percent of those polled would find owning a home worthwhile, even if they had to live farther away, send a child to a local college, or own only one car. Similarly, 54 percent would take on a second job so they could buy a home.

The survey also found that some 80 percent of respondents believe the value of homeownership is more secure than the stock market. Results showed that 20 percent of consumers were likely to purchase a home within the next three years. Also, homeownership ranked third among survey participants' life priorities at 27 percent, following retirement (43 percent) and children's college education (42 percent).

Among those asked, 68 percent described affordability as the primary obstacle in achieving homeownership. Rick Davis, president of the Homeownership Alliance, said the survey results suggest that the public wants more policies to boost the number of Americans who can own their homes.

"Survey Reaffirms Benefits of Homeownership," Real Estate Finance Today (04/30/01) Vol. 18, No. 17, P. 3; Sorohan, Mike

Abstracts Copyright 2001; Information Inc., Bethesda, Md.

© 2002 Don Marland