Candidate positions on housing will be important considerations to nearly seven of 10 Americans in the 2012 presidential and congressional elections, according to a new national survey on housing by Move, Inc. This is especially true for Millennials, the next generation of home buyers and the segment expected to play as important a role in the 2012 elections as they did in 2008.
According to the survey, 81.7 percent of Americans consider housing to be a critical piece of the national economic recovery, while 73.1 percent believe conditions for buying a home a year from now will be the same or worse than today. Just under a quarter of Americans expect home-buying conditions will be better.
One in three Americans today think helping homeowners avoid foreclosure should be the next president’s priority in the first 100 days in office. Keeping interest rates low ranked second and making more affordable mortgage credit available placed third.
However, views are mixed when it comes to increasing or decreasing the role of government in housing. The survey found one in three Americans said the role of government in housing should remain the same as it is today, while one in five said it should be increased. Forty-two percent said government’s role in housing should be reduced, especially Americans ages 35 to 64 (56.7%). Just over two-thirds (67.4%) of Millennials said the president and Congress should reduce or keep the role of government in housing the same.