Americans still want to own a home
WASHINGTON – Dec. 10, 2010 – A new study released by Fannie Mae finds that most Americans – both those who currently own their homes and those who rent – strongly aspire to own a home and to maintain homeownership, despite ongoing turmoil in the housing market. However, demographic trends, such as fewer married couples and less families with children resulting in shrinking households – combined with financial caution among consumers –contribute to an increased willingness to rent.
The Fannie Mae 2010 Own-Rent Analysis is based on extensive primary research with homeowners and renters, including focus groups and a quantitative survey. It incorporates U.S. Census Bureau data, micro- and macro-economic parameters, and explores the factors influencing consumers’ decisions to buy or rent a home. The latest release highlights two of four major themes of the analysis in reports titled, Persistence of the Homeownership Aspiration and Housing Choices Throughout the Lifecycle and the Impact of Changing Demographics.
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