Voters place high value on homeownership.
The poll shows that three out of four voters – both owners and renters -- believe it is appropriate and reasonable for the federal government to provide tax incentives to promote homeownership. This sentiment cuts across regional and party line.
Two-thirds of respondents say that the federal government should help home buyers to afford a long-term or 30-year, fixed-rate mortgage.
Nearly 75 percent of voters oppose eliminating the mortgage interest deduction.
Sixty-eight percent would be less likely to vote for a congressional candidate who proposed to abolish the deduction.
Ninety-six percent of homeowners are happy with their decision to own, and 84 percent who are “underwater” expressed the same sentiment.
Job uncertainty and saving for a downpayment and closing costs are the biggest barriers to buying a home.
More info on this article from the National Association of Home Builders.
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