American Banker (10/09/08) P. 11; Colter, Allison Bisbey
A new poll from Trulia Inc., which runs a property search engine, suggests that the prospect of federal intervention in the housing and credit markets is not encouraging potential home buyers. The online survey of more than 1,500 adults, conducted by Harris Interactive, found that more than 70 percent of non-homeowners do not plan to cross over to ownership in the next year. Among persons aged 18 to 34--considered the prime ages for home purchases--44 percent cited cost as the reason they do not own a home right now, while 41 percent of those aged 35 to 44 said they are being deterred by concerns over qualifying for financing. Of the poll participants who already own a home, however, nearly half expressed confidence in their property as a long-term investment.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment