New American Dream: Homeownership with Caution

In a recent Fannie Mae national survey 65% of people, both homeowners and renters, still think that owning a home is important. But caution has crept into that American ideal. Since the bubble burst, prospective buyers have become more careful about the home they are purchasing, and about being financially prepared for the responsibility. Buyers are also moving away from the idea of flipping a few houses, now safety and schools top the list of priorities when shopping for a new house. People in general still think that a house is the safest investment that can be made, but the number is down from 2003.  The good news for the mortgage industry and banks is that a majority of those polled thought that it is unacceptable for owners to stop making mortgage payments.
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