Voters place high value on homeownership.
By an overwhelming margin, American voters strongly value homeownership and would oppose efforts to weaken or eliminate the mortgage interest deduction or diminish a federal role to help qualified home buyers obtain affordable 30-year mortgages, according to a national survey conducted on behalf of the National Association of Home Builders. The survey gauged voters’ attitudes towards homeownership and housing policy issues.
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.
Highlights of the survey include:
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.
Thanks for reading !
Francis
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I have already experienced in all my activity in Palo Alto a definite "tightness" of the market. Several of the offers that I have placed recently met with many other offers, most of them very strong (like in: - cash! and very much over asking price).
