Americans Still Embrace Home Ownership
A new survey from the National Association of Home Builders finds that Americans continue to embrace home ownership.
The results show that 75 percent of 2,000 people polled agree home ownership is worth the risk of fluctuations in the market and that 73 percent of renters want to own someday.
With more than 70 percent saying the U.S. government should offer tax incentives to promote ownership and oppose proposals to end the mortgage interest deduction, NAHB CEO Jerry Howard says Washington should think twice about dropping policies, like the deduction, that have long supported ownership.
Source: “Save the Mortgage Interest Deduction for Homeowners,” Washington Post (06/27/11)