Trulia released the results of its American Dream survey, which has tracked American attitudes towards homeownership since 2008. Harris Interactive conducted this online survey on behalf of Trulia among 2,083 U.S. adults, age 18 and over, between November 15 to 19, 2012.
Amid rising home prices, increasing home sales, and falling delinquencies and foreclosures, more than 1 in 4 consumers (27 percent) feel more positive about homeownership than they were six months ago, compared with 19 percent who report feeling more negative. In fact, 31 percent of today’s renters plan to buy a home in the next two years—a 9-point increase from 22 percent in January 2011. However, some Americans remain skeptical about owning a home. Only 72 percent of consumers said homeownership is part of their personal American Dream, which remains below February 2009 and January 2010, when 76 percent and 77 percent, respectively, agreed with this sentiment.
% of renters planning to buy a home within next two years
“Millennials have been shaken, not scarred by the housing bust,” said Jed Kolko, Trulia’s Chief Economist. “Nearly all of them want to own a home someday, if they’re not homeowners already. But many of them think today’s low prices and low mortgage rates will last. They may be in for sticker shock if the cost of homeownership has returned to normal levels by the time they’re ready to buy.”
Consumer Expectations for the Housing Market in 2013
|Home prices to rise|
|Home prices to fall|
|Mortgage rates to rise|
|Mortgage rates to fall|
Note: respondents could also answer “no change” or “not sure.”
Full survey results and analysis available here.
The November 2012 survey was conducted online within the United States by Harris Interactive via its QuickQuery omnibus product on behalf of Trulia between Nov 15-19, 2012 among 2,083 U.S. adults, of whom 1,271 are homeowners and 741 are renters.
 Department of Numbers’s HousingTracker