The 2003 National Housing Survey (PDF) shows that, while most Americans view homeownership as a safe investment with a lot of potential, four critical "gaps" must be addressed in order to reach the underserved and close the minority homeownership gap, including an information gap, an affordability gap, a credit gap, and an overall confidence gap.
Fannie Mae's 11th annual National Housing Survey of American attitudes about homeownership finds that Americans rate homeownership as the best investment they can make -- far ahead of 401Ks, retirement accounts, and stocks. Despite the recent recession, many Americans have actually seen their net worth increase due to an increase in their home's value, according to the 2002 National Housing Survey (PDF).
Growth in lending to credit-impaired borrowers has given rise to two mortgage processes in America -- one that leads borrowers with stronger credit histories feeling more confident and satisfied than ever and a second in which families with credit problems can nevertheless obtain mortgages, but at higher prices, with less confidence and general dissatisfaction about the mortgage process, according to the 2001 Fannie Mae National Housing Survey (PDF).
Half of Americans expect most mortgages to be originated over the Internet in next five years, despite persistent doubts about Internet security; other barriers to homeownership continue to crumble, more Americans now consider homeownership possible, according to the 2000 Fannie Mae National Housing Survey (PDF).
Half of American adults misunderstand the effect of bad credit on their ability to qualify for a mortgage, even as other barriers to homeownership continue to decline; recent buyers, refinancers say they had "no difficulty" getting through the mortgage process, according to the 1999 Fannie Mae National Housing Survey (PDF).
Perceived barriers to homeownership at all-time low; renters desire to own a home stronger than at any time in the 1990s; 7-in-10 baby boomers are either empty nesters or soon will be, holding profound implications for mortgage finance, home remodeling, and real estate industries, according to the 1998 Fannie Mae National Housing Survey (PDF).
The image of American cities is on the rebound, with medium- to small-sized cities outpacing large cities as a desirable place to own a home, according to the 1997 Fannie Mae National Housing Survey (PDF).
Americans still optimistic about home-buying climate, more willing to sacrifice for homeownership; but nearly half are anxious over job security, Fannie Mae 1996 National Housing Survey (PDF) shows.