Despite all of the bad news in the media about homeownership and mortgages, most Americans still believe buying a home is a great investment, according to a new study commissioned by Bankrate.com.
Among the findings from the study:
- 92 percent say that a home is a good investment for the future.
- 48 percent worry about losing or being unable to afford their homes.
These results provide an interesting illustration of the public's mindset in a difficult economy, says Julie Bandy, editor in chief at Bankrate. While nine out of 10 still believe in the American dream of homeownership, nearly half worry about losing their homes.
Source: Bankrate.com (08/18/2009)