Survey: Presidential Election Votes to Correlate With Fixing the Housing Crisis
When voting for the next president in the 2012 election, about 70% of Americans said how the candidate plans on addressing the current housing crisis is going to dictate their final decision, according to a Move Inc. survey.
The Campbell, Calif.-based online real estate provider's survey, which consisted of 1,000 participants, reported that 82% of Americans consider housing to be a critical piece of our national economic recovery.
“After four years of living in a housing downturn, American voters clearly want answers and are looking to our elected leaders for solutions,” said Errol Samuelson, chief revenue officer of Move Inc.
One of the biggest groups that could determine the result of next year's presidential election is the millennials—the next generation of homebuyers. In the survey, approximately 70% said they are going to consider the candidate's ideas on fixing the housing industry when they vote next year.
The top issue that survey participants believe the next president should focus on during their first 100 days in office is helping distressed homeowners avoid foreclosure. Other key areas that need to be addressed by the upcoming president in order to change the housing industry is keeping interest rates low and making more affordable mortgage credit available, survey participants said.
Nearly three-quarters of Americans believe the conditions for buying a home a year from now will be the same or worse than today, while just under a 25% expect the home buying process to be easier and more efficient.
In the survey, there was no clear indication whether individuals want the government to intervene in attempting to fix this housing crisis that begin in late 2006.
There were 31% who said the government's role should be the same as today, while more than 21% said the government needs to step up their involvement and 42% want the government to be less active in resolving this issue.
More than 56% of Americans aged between 35 and 64 believe the government should have a decreased role in fixing the housing crisis. However, about 67% of millennials think that the president and Congress should reduce or keep the role of government in housing the same.
“The survey illustrates candidates who share the concerns of the American people and make housing a top priority will win their confidence,” Samuelson said.