Homeownership still the dream for most Americans

The dream of owning a home is still a top aspiration of Americans across all demographic groups, according to Fannie Mae’s latest National Housing Survey. The majority of Americans surveyed believe that owning a home beats renting.

“In spite of the impact of the housing crisis on home values and homeownership rates across the country, Americans by and large still hope to become homeowners,” said Doug Duncan, vice president and chief economist of Fannie Mae. “Some may not be financially positioned to own a home in the near future, but Americans may begin to revisit that aspiration as employment and household balance sheets improve over the coming years.”

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