Daily Real Estate News April 22, 2008
Americans Optimistic About Homes
Despite the slowdown in the housing marketing, Americans remain confident about homeownership.If forced to sell their home today, 50 percent of those surveyed in an AOL Real Estate-Zogby International poll would buy another home rather than rent. About 31 percent of participants feel their home is worth more than it was a year ago and 56 percent believe their home will be worth the same or more in five years.Despite their confidence, those surveyed were concerned about their economic situation. Thirty percent say they have no cushion and work paycheck-to-paycheck to pay their mortgages. More than 22 percent say they would lose their homes if they lost their jobs, and 30 percent know someone who is facing foreclosure.Source: AOL and Zogby International (04/22/2008)
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