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5/13/2011 - Pew poll finds Americans still value homeownership


Despite the economic issues, Americans still view homeownership positively.

Homeowners insurance provides families with the protection they need to preserve what many consider to be their own personal sanctuary. And even though the housing crisis over the past several years has affected the rate of homeownership, a recent survey suggests people still long for a place to call their own.

According to a recent study conducted by Pew Research Center of 2,142 people, more than eight in 10 adults - 81 percent - believe that buying a home is the best long-term investment a person can make.

While the housing crisis doesn't appear to have affected adults' valuing homeownership, it has impacted the intensity of their feelings. For example, Pew notes that when a similar question was asked by CBS News and the New York Times 20 years ago, almost half of respondents at the time said they "strongly agreed" buying a home was the best long-term investment. Today, just 37 percent "strongly agree" with that statement.

Previous findings on the value people place in homeownership indicate Pew's findings are the usual. Last month, real estate website Trulia.com found that 78 percent of homeowners thought buying a home was their life's best investment.

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