FANNIE MAE POLL: CONSUMER FAITH IN HOMEOWNERSHIP DROPS

Interesting article in the Washington Post about Fannie Mae’s recent survey, which found that many people are less likely to take risks related to home-buying.  In 2003, 83 percent of those interviewed in a similar Fannie Mae study said real estate was a safe investment, compared with about 70 percent in the most recent survey. About 48 percent of those surveyed said that banks should foreclose on people who are unable to pay their mortgages. A softer attitude was reflected if the homeowners in trouble owed more than their home was worth. 
http://www.washingtonpost.com/wp-dyn/content/article/2010/04/06/AR2010040600134_pf.html

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