Three years after the 2008 financial crisis, America’s housing market still languishes and millions of families are losing their grip on “The American Dream.” A new survey by the Wilson Center finds that despite the bursting of the housing bubble, an overwhelming majority of Americans still feel that homeownership is both important to them and a part of the American Dream. A majority also said homeownership should be a national priority.
WASHINGTON – A new survey by the Woodrow Wilson International Center for Scholars finds that despite the bursting of the housing bubble, an overwhelming majority of Americans still feel that homeownership is both important to them and a part of the American Dream. A majority also said homeownership should be a national priority.
Despite the importance placed upon homeownership, however, more than 40% of respondents also said the federal government was too involved in developing policies to assist with homeownership. Only 29% of respondents favored the removal of the federal government from mortgage financing when they were informed that this would increase the cost of home loans and eliminate the availability of 30-year mortgages.
Respondents also had unfavorable views of mortgage institutions Fannie Mae and Freddy Mac.
