Home Ownership King

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Americans continue to place a high value on homeownership, but qualifying for a mortgage and saving up for a down payment in an economy that won’t produce jobs keeps many uncertain.

The results of the Hanley Wood’s Housing 360 Survey say 89 percent of owners and 59 percent of renters feel that homeownership is important to the American family while 87 percent of owners and 73 percent of renters feel homeownership is an economic cornerstone.

Indeed, housing, household operations, insurance, fuels and utilities, water, sewage and trash services and furnishings, among other expenditures, account for about 40 percent of the Consumer Price Index, according to the U.S. Bureau of Labor Statistics.

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