Nearly 8 out of 10 respondents believe so, according to the 2010 National Housing Plus Survey released by the National Association of Realtors.

The survey also showed that job security concernts are the highest in 8 years with 70% of Americans saying that layoffs and unemployment are a big problem in their area.

A lot of people seem to be having trouble finding meaningful work to support their families. People are taking whatever they can get and still aren’t making ends meet. Regardless of this situation, owning a home is still on majority of people’s dream boards and they continue to try to make that dream a reality.

Despite economic uncertainty, 68% of those surveyed still believe now is a good time to buy a home. Lower home prices and record-low mortgage rates are attracting homebuyers. It’s the perfect time to buy if you are in the situation to do so.

According to the survey, more than 25 percent of renters said they are thinking more about buying a home than they were a year ago.

Houses are more affordable in the economic downturn, yet 79% of respondents still worry about having enough money for the down payment and closing costs to be among the biggest barriers to buying a home.

Nearly 7 out of 10 believe that home values have stabilized in their area; the same number expects home sales to remain about the same through the end of the year.

More than half say foreclosures are a problem in their area. The recession, loss of jobs and the poor economy have been stated as main reasons for the ongoing foreclosure problem, says 36% of respondents.

For more information, visit www.realtor.org.

This survey gives us a good outlook on where people stand in this economic downturn. Thankfully, it seems as if most people are remaining positive and trying to make the best of the situation.

 

-Orly