Thursday
October 2, 2014

Survey: 70% Say Housing Crisis Isn't Over

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Survey: 70% Say Housing Crisis Isn't Over

Seven in 10 Americans say they believe the nation is still in the middle of the housing crisis or are concerned that the worst is yet to come, according to the MacArthur Foundation's How Housing Matters Survey of more than 1,300 Americans. However, the public is slightly more optimistic than last year, when 77 percent said they feared the same thing.

About a quarter of Americans surveyed say they think the housing crisis is "pretty much over."

Many of Americans' concerns stem from a lack of affordable quality housing in their communities. Six in 10 survey respondents say they believe the government should be doing more to ensure that there is sufficient affordable quality housing both to rent and buy. Respondents noted that affordable housing is particularly problematic for families pulling in average income, young people just starting out in the labor force, and families with children trying to find housing near quality schools. 

"The housing crisis that began more than five years ago has left an indelible mark on the attitudes and experiences of Americans," says Geoffrey Garin, president of Hart Research Associates, which conducted the survey. "Housing affordability has driven a large share of the American people to make significant financial adjustments. Concern and insecurity about the ability of middle-class Americans to maintain their footing and for people to rise up into the middle class is a central theme in America today, and this research shows that housing is front and center in these concerns."

Source: MacArthur Foundation

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