According to a recent poll conducted on behalf of the National Association of Home Builders, Congressional hopefuls need to listen to the voice of the people in their districts. 73% of voters are opposed to eliminating the mortgage interest deduction and 68% of voters say they are less likely to vote for a candidate who proposes to abolish the mortgage interest deduction. "With the 2012 election season in full swing, candidates runing for the White House and Congress would be wise to heed the will of the American Voters, who have expressed broad support for government policies that encourage home ownerhsip and oppose efforts to make it more difficult to get a home loan and tamper with the mortgage interest deduction," says Celinda Lake, president of Lake Research Partners.
Among other key findings in the report, 96% of home owners are happy with their decision to own and 84% who are "underwater" or owe more than their home is worth, expressed the same sentiment.
Job uncertainty, saving for a downpayment, and closing costs are reported to be the biggest barriers to home ownership.
Even in a depressed housing market, the American dream of homeownership remains a core American value.
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