Fannie Survey Finds Home Owners Are Skeptical
by Tayeb Realty Group on April 7, 2010
The housing crisis has changed how Americans view homeownership, according to a survey of public attitudes by Fannie Mae.
The number of people who view homeownership as a safe investment declined from 83 percent in 2003 to 70 percent in 2009. In addition:
- 48 percent of those surveyed said banks should foreclose on people who don’t pay their mortgages. 53 percent blamed borrowers – instead of banks – for taking out bigger loans than they could afford.
- 15 percent of respondents said it is acceptable for borrowers who are underwater to walk away.
—
Source: The Washington Post, Renae Merle (04/06/2010)
Tagged as:
Americans,
borrowers,
costs to foreclose,
delinquent borrowers,
Fannie,
Fannie Mae,
first-time borrowers,
foreclosed home,
foreclosed homeowners,
foreclosed properties,
home owners,
Homeownership,
homeownership as a safe investment,
housing crisis,
inventory of foreclosed homes,
mortgage,
mortgage financing,
mortgage help,
mortgage payments,
mortgage planning,
mortgage-backed securities,
mortgaged properties,
mortgages,
NY real estate,
NY real estate news,
NYC,
nyc real estate,
nyc real estate news,
private mortgage market,
protect borrowers,
safe investment,
survey of public attitudes,
underwater borrowers,
Underwater Mortgage,
Underwater Mortgages,
unemployed borrowers
Tell Others What You're Reading!
Connect with me!
Hello and welcome to New York Real Estate Access, your exclusive source of insightful information and updates about the real estate market in New York.
This service is brought to you by Tayeb Realty Group of Realty Executives, a team of passionate, enthusiasts specializing in the New York real estate market.
We want to hear from you. Do you have a question(s) about the real estate market? Is there a topic you would like to hear more about? Some people are bound to have great things to say, while others might have a few choice of words based on their personal experience. Either way, we want to hear it!
John & Raja Tayeb,
Tayeb Realty Group | Realty Executives Today
32-56 Steinway Street | Long Island City, NY 11103
Tel: 917-379-6364
Fax: 718-932-1181
tayebgroup@aol.com
New York Real Estate News, View and Updates!
Tayeb Realty has written 281 articles on this blog.
{ 1 trackback }
{ 0 comments… add one now }