In anticipation of the upcoming March Public Opinion Monthly focusing on foreclosures, homeownership, and equal opportunity to achieve the American Dream, this week’s biweekly roundup focuses on recent public opinion studies on the topic, to be analyzed further in the Monthly.
- A large majority (70.6%) believe access to affordable mortgages is a serious problem, with a plurality (32.3%) asserting that understanding the mortgage process is the most challenging aspect of attaining a mortgage, according to a recent survey conducted by GfK for MortgageMatch.com (information can be found at GfK and Move, Inc.).
- A Washington Post survey finds that a quarter of Americans feel that homeowners are exclusively to blame for the foreclosure crisis, while just short of half point the finger at mortgage lenders and one in five blame both equally.
- Three in ten respondents in a recent report by the Public Agenda who are struggling believe providing financial assistance to people who owe more on their mortgage than their home is worth is a very effective way to lend a hand to those who are hard-hit in the current economy. An equal percentage of respondent who are not struggling at all believe this proposal is not at all effective.
- The most recent Allstate/National Journal Heartland Monitor Poll finds that 80% of Americans feel strongly that owning their own home is integral to achieving the American Dream, defined as the opportunity to go as far as your talents and hard work will take you, and to live better than your parents, but 63% feel strongly that homeownership is an achievable goal.
- While financial factors, such as the notion that paying rent is not a good investment (61%) contribute to the desire to buy a home, non-financial considerations such as quality of local schools (79%) and safety (79%) drive the aspiration for homeownership, according the latest National Housing Survey by Fannie Mae.
These surveys, and more, will be examined further in the March Public Opinion Monthly, with an expected posting date of March 31st.