House Survey

The Fannie Mae National Housing Survey: "Home is the safest of investments"

A survey was conducted by Fannie Mae during the months from December 2009 to January 2010 and 3451 telephone interviews were conducted with various groups of Americans age 18 or older. 887 respondents were owners, 1,100 were buyers of mortgage loans, 908 were renters and 338 were borrowers underwater. The survey indicates that the property is still considered a "safer" investment in the U.S. The survey highlighted the household finances, the system of housing finance, trust in the houses as investments and general confidence in the economy.

The investigation revealed that "despite the decline in the previous year, U.S. investors still consider the property as an investment option financially.'s President and CEO of Fannie Mae, Mike Williams said:" Many Americans believe the property is more than just a financial investment. "

The survey highlights the tenants and owners are American buyers more conservative than they were before the downturn and Americans pay the fixed rate mortgages are more satisfied than other types of mortgages because payment is expected.

The vice-president and chief economist at Fannie Mae, Doug Duncan said: "Buyers still want clean houses, but there is a greater caution in all aspects of home buying and leasing."

Consumers believe that owning a home is now difficult compared to previous years, and the disease may go further difficult for prospective buyers. The Vice-Chairman of Fannie Mae, Doug Duncan said: "Consumers are rebalancing their attitudes about mortgages and the focus on long-term effects and risks of ownership." He said: "The sustainable housing for the economy of the housing market, and also for families who own homes. "

There are many illustrations in the survey on the attitude of buyers towards housing and homeownership, lease, loan, mortgage, and the impact of the borrower being under water. The survey also compares the results of the 2003 study on housing.

The key points of the investigation

1. 80% believed home ownership was important for the economy.
2. 31% feel the economy is on the right track and 44% felt that their personal financial situation will improve in the coming year. 63% of delinquent borrowers believed their financial situation will be strong in the following year.
3. About 64% of respondents felt "It was a good time to buy homes" and 31% said "it is a very good time to buy a house." The number of respondents is the number of 2003, when the housing market is booming.
4. About 73% believed that housing prices will be in place or even next year. About 37% believe that prices will rise.

Homeownership survey

1. The survey showed that 70% of respondents thought that the safest investment is in the houses. 74% believed that putting money in the bank was safe and 17% felt an investment in the stock market was safe.
2. 65% preferred housing for ownership compared to renting.
3. Buyers with fixed mortgage rates are more satisfied and it constitutes 93% of the mortgage holder. 76% of mortgages were arms and 68% were hybrid weapons.

Tenants survey

1. 79% of tenants believed hiring had been positive for them.
2. The common reasons for renting are bad credit and home maintenance.
3. 67% of tenants think they will buy the house at some point in their lives.
4. 44% of people living on the rents have said they will buy a house if they have to move.
5. 23% of tenants reported buying homes later than expected and the reasons for delays are mostly non-financial services such as schools and safety. 43% have delayed the plan to have a house for security reasons and 33% had considerations such as local schools.

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