Homeownership Remains an Essential Part of the American Dream According to a
Strengthened by a healing housing market, homeowners have an optimistic
CHARLOTTE, N.C., Feb. 13, 2013
CHARLOTTE, N.C., Feb. 13, 2013 /PRNewswire/ --In a recent LendingTree survey
of 1,060 homeowners conducted online by Research Data Technology, Inc. from
November 16 to November 27, 2012, 79% believe that homeownership remains an
essential part of the American dream. Additionally,76% remain confident that
if they wished to purchase a new home in the futurethat they would be able to
sell their current home, obtain a mortgage and afford a down payment despite
the recent recession and housing market crash.
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Of those surveyed, slightly more than half believe the housing market will
take 12 months or less to recover and only 19% are postponing a home purchase
or sale because of a weak housing market.
"Low rates, affordable home prices, and a recovering housing market have
created a unique window of opportunity for potential homebuyers. The good news
is that the housing market is steadily improving and upcoming lending
regulations will hopefully provide the clarity needed for lenders to have
renewed confidence," said Doug Lebda, chairman and CEO of LendingTree.
"Consumers still value owning a home and despite a few difficult years they
remain optimistic that homeownership is a possibility. Now is a great time to
invest in a home and make the American Dream reality, if purchasing a home
aligns with your financial situation, goals and priorities."
Consumer confidence is even stronger when it comes to home loan refinancing
with 89% of those surveyed being confident that they will be able to refinance
their mortgage with only 11% of being uncertain. One in three surveyed had
already refinanced their current mortgage, 28% still plan to do so and a
remaining third are unsure of their plans to take advantage of the
historically low interest rates.
About the Survey
1,060 homeowners shared their views on the process and experience of obtaining
a mortgage. These homeowners obtained a purchase mortgage or refinanced and
existing mortgage in 2009 or later. They participated in an online survey
conducted by Research Data Technology, Inc. on behalf of LendingTree, LLC on
November 16 – 27, 2012. The 1,060 survey respondents represent a random sample
of homeowners selected from a consumer panel of individuals in the U.S. who
have access to the Internet. The margin of error in this survey is +/- 3.0%.
This means that in 19 cases out of 20, survey results based on 1,060
respondents will differ by no more than 3.0 percentage points in either
direction from what would have been obtained by seeking the opinions of all
eligible individuals in the U.S. who are online.
About LendingTree, LLC
LendingTree, LLC is the nation's leading online source for competitive home
loan offers, empowering consumers during the mortgage, refinance or auto loan
process. LendingTree provides an online marketplace which connects consumers
with multiple lenders that compete for their business, as well as an array of
online tools and information to help consumers find the best loan. Since
inception, LendingTree has facilitated more than 30 million loan requests and
$214 billion in closed loan transactions. LendingTree provides access to
lenders offering mortgages and refinance loans, home equity loans/lines of
credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ:
TREE). For more information go to www.lendingtree.com, dial 800-555-TREE, join
our Facebook page and/or follow us on Twitter @LendingTree.
SOURCE LendingTree, LLC
Contact: Megan Greuling, +1-704-943-8208, Megan.Greuling@tree.com
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