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  • 02/09/2012 | 4:31 pm
  • by: Weemba

Americans still sold on homeownership

Despite price declines, owning a home still ranks high in U.S. and a new poll shows that Americans are still optimistic about buying a home.

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By Steve Kerch, MarketWatch, Feb. 8, 2012

ORLANDO, Fla.  — Despite the beating that home prices have taken over the last five years, Americans are still optimistic about their own housing situation, a new poll shows.

Seventy-eight percent of Americans identified as likely to vote in the 2012 presidential election said that owning their own home was one of the most important things in their lives, according to the survey by Lake Research Partners done for the National Association of Home Builders and presented here Wednesday at the International Builders Show.

And 74% agreed, with 43% strongly agreeing, that owning a home was worth it even with all the ups and downs of the housing market.

“People told us that home ownership is more than just bricks and mortar, more than just having a big mortgage. It’s about family. It’s still part of the American dream,” said Alex Batty, a partner with Public Opinion Strategies who analyzed the results.

One-third of those polled even said housing was one of the best investments you could make, ignoring the 30%-plus drop in home prices nationally since the peak of the housing boom in 2006. The only better investment Americans can think of is a retirement account such as an IRA or 401(k).

Read the rest of this story at MarketWatch.

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