Home Ownership Survey: Many Worried About Future of Housing Crisis

Home prices in many US cities are at the lowest prices since 2002. The housing crisis has affected many American families, and many are still worried about what the future holds. But what does the future of home ownership look like? And how many Americans have been negatively impacted by the housing crisis?

foreclosure

Home Owners

In Ask Your Target Market’s latest survey, 44% of respondents said they currently own a home. 12% said they don’t currently own a home, but have in the past. And 45% of respondents have never owned a home.

Just 4% of respondents said they are currently in the market for a new home. 5% said they expected to be in the market for a new home within the next two years. 6% said they plan to be in the market for a new home within the next five years. And 11% said they might be in the market for a new home within the next five years. 74% of respondents said they do not plan to be in the market for a new home anytime soon.

Housing Crisis

12% of respondents said they have been very affected by the housing crisis. Another 26% said they have been somewhat affected. 35% said they have not really been affected by the housing crisis, and 28% said they have not been affected at all by the housing crisis.

14% of respondents said they are very worried that the housing market will have a negative impact on them in the future. 36% said they are somewhat worried about future negative effects. 32% said they are not very worried, and 18% are not worried at all.

Foreclosures

Though not everyone has been personally affected, there are still many who have seen a negative impact. 35% of respondents said they know someone who has had to foreclose on their home due to the economy.

You can view the complete survey results in the widget below and be sure to click “Open Full Report” to take advantage of all the chart and filter options.

Photo Credit: Sign of the Times from Flickr

What do you want to know? If you need some consumer insights on a particular topic, let us know in the comments below and we’ll consider it for an upcoming survey post.

Results were collected on April 24 via AYTM’s online survey panel.

ABOUT THE AUTHOR: Anne Pilon
Anne Pilon brings 3 years experience to AYTM as a blogger and journalist. She has a degree in journalism and marketing communications from Columbia College in Chicago and enjoys writing about business, marketing, social media, and art.