Survey by Digital Risk also finds mixed view of housing regulations, desire for streamlined process; most not ready to apply via smartphone.
MAITLAND, Fla.,July 12, 2017 /PRNewswire/ — A decade after the housing crisis, a majority of homeowners perceive the housing market as having strengthened, and an overwhelming number of respondents view owning a house as a solid investment, according to survey data released today by Digital Risk, a national leader in mortgage outsourcing solutions.
The survey indicated that over half of homeowners believe the housing market in their region and nationwide has improved. It also found that the majority of homeowners (91%) and renters (83%) view home ownership as a good investment. The survey of 1,057 U.S. homeowners and 509 renters was conducted between May 26 and June 2.
Confidence in the housing sector is being driven by a noticeable increase in home values. Eighty-seven percent of homeowners have seen their appraisal values holding or increasing, while just 12% saw a decrease. Sixteen percent saw gains of more than 20% in value.