There are Strong Cheers for Housing Initiatives taken by the Government

A survey taken recently shows that there are strong cheers for the housing initiatives taken by the federal government. About 68% said the government should not discontinue with its support and 65% are of the opinion that more should be done to prevent families from losing their houses.

House owners together with renters were included in the poll. It was conducted on behalf of National Association of Home Builders or NAHB by RT Strategies. 1,000 persons were interviewed via the phone from 29th to 31st January 2010. It was inclusive of 170 interviews taken of households who had cell phones only.

Among those surveyed some of the important sections opined that the government should continue playing a key role in propping up the real estate market. 78% of all those wanting to buy houses and 81% of the tenants wants the government not to break the support it has so far been giving.

65% said that the government should put in more effort to stop foreclosures and evictions. The support should not be only for the present home owners but it should also involve others in the future. 84% of the tenants said the government should be doing more for the troubled borrowers. The problem is particularly acute for women. 71% wanted more protection from foreclosures as compared to 58% of the men.

The problem of eviction is more serious for those who have bought houses for the first time. 78% of those below 30 years of age seek more support for prevention of foreclosure. 69% of those who are between the ages of 30 and 44 also want more support from the government to prevent foreclosures.

Two thirds of those surveyed said they were owners of their houses. Two thirds of the tenants want to purchase houses in the near future. 15% of the present house owners also plan to buy a house in the not too distant future.

The surveying unit wanted to know the views of the surveyed regarding Worker, Homeownership and Business Assistance Act of 2009 that has extended tax credit ($8000) for eligible house owners who were planning to purchase their first house. Last November it became law. It has also extended tax credit of $6,500 for those who were buying houses for the second time.

8% said they want to avail of this benefit, 24% said that despite this offer they cannot afford to buy and 33% said they were thinking of buying a house.

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