Survey Shows Obama Falls Short on Housing Market Promises

Even in Tough Times, 77 Percent of Americans View Homeownership as a Part of Their Own Personal American Dream

A national survey released yesterday by Trulia shows that many Americans feel that President Barack Obama has not lived up to the hope he created during his campaign and his first 30 days in office. In Trulia’s latest American Dream survey conducted online on its behalf by Harris Interactive from January 19-21, 2009 President Barack Obama scored considerably lower marks on the topic of restoring the American dream of home ownership compared to a survey conducted February 20-24, 2009 after his first 30 days in office.

The current survey found that 37 percent of Americans gave President Obama a grade of “D” or “F” on the decisions he’s made towards restoring the American dream of home ownership compared to only 22 percent in the February 2009 survey. Additionally, 54 percent gave him a grade of “A” or “B” in February 2009 compared to only 37 percent in January 2010. Despite these lower grades, and the troubles that have continued to plague the U.S. housing market, the survey found that the “American Dream” of homeownership continues to be alive and well with more than three out of four Americans considering owning a home as a part of achieving their personal American dream.

“I am thrilled to see that the American dream of homeownership is alive. If the dream had died we would be in a lot of trouble,” said Pete Flint, CEO and co-founder of Trulia. “Everyone realizes there is no easy fix and we have a long road ahead. Until there is a reversal in unemployment and the growing number of home foreclosures, the U.S. real estate market will continue to see significant volatility. I agree with the results of our survey that job creation and job security have to be the President’s top priority.”

President Obama’s Report Card

Democrats currently rate President Obama’s performance higher than Republicans, but both downgraded the President’s performance in the January 2010 survey compared to the survey Trulia conducted in February 2009. The current survey shows that “A” ratings from Democrats decreased by 19 percentage points and a 3 percentage point decrease from Republicans. Additionally, “F” ratings from Democrats increased by 3 percentage points and by 13 percentage points from Republicans.

Jan. 2010 Grades Republican Democrat All Adults
“A” 2% 19% 11%
“B” 10% 43% 26%
“C” 24% 25% 26%
“D” 27% 7% 16%
“F” 37% 6% 22%
Feb. 2009 Grades Republican Democrat All Adults
“A” 5% 38% 21%
“B” 18% 42% 33%
“C” 31% 14% 24%
“D” 21% 3% 10%
“F” 24% 3% 12%

Priorities Going Forward

Democrats and Republicans agree on the areas President Obama needs to focus on in 2010 to stabilize the U.S. real estate market. Creating jobs and job security continues to be at the top of the list with 62 percent of adults referencing it as a key priority for the President. With foreclosures reaching record levels in 2009 and expected to grow even more this year, it’s not surprising that 45 percent of adults included this as an important area of focus. Rounding out the top three priorities for President Obama is bringing/keeping low interest rates at 39 percent. Only 27 percent of Americans surveyed believe extending the home buying tax credit through the end of 2010 should be a key initiative to help stabilize the housing market.

Jan 2010 Focus Republican Democrat All Adults
Create Jobs & Job Security 58% 65% 62%
Reduce Foreclosures 37% 54% 45%
Lower/Keep Low Interest Rates 43% 43% 39%
Extend Home Buying Tax Credit Through 2010 24% 32% 27%
Other 14% 4% 11%

This sentiment was also echoed on Trulia Voices Community, with many users feeling that President Obama tried to do too much, and that the key to fixing the economy and housing market will be to focus on creating new jobs and job security.

Positive and Negative Views

The majority of Americans surveyed were unaffected by the events that have transpired during the past year in the housing market, with 60 percent saying their view towards homeownership is unchanged. Slightly more of those surveyed have a more pessimistic than positive outlook with 21 percent saying they have at least a somewhat more negative view towards owning a home compared to 20 percent having at least a somewhat more positive view.

Survey Methodology
The Trulia American Dream housing study is conducted online periodically by Harris Interactive on behalf of Trulia. Harris Interactive® fielded this current study on behalf of Trulia from January 19-21, 2010 via its QuickQuerySM online omnibus service, interviewing a nationwide sample of 2,232 U.S. adults age 18 years or older, of whom 1,523 were homeowners and 614 were renters, and 702 were Democrats and 601 were Republicans. Results were weighted as needed for age, sex, race/ethnicity, education, region and household income. Propensity score weighting was also used to adjust for respondents’ propensity to be online. No estimates of theoretical sampling error can be calculated; a full methodology is available.
Harris Interactive® also fielded the February 2009 survey on behalf of Trulia from February 20-24, 2009 via its QuickQuery(SM) online omnibus service, interviewing a nationwide sample of 2,076 U.S. adults age 18 years or older, of whom 1,418 were homeowners and 595 were renters, and 732 were Democrats and 573 were Republicans . Results were weighted as needed for age, sex, race/ethnicity, education, region and household income. Propensity score weighting was also used to adjust for respondents’ propensity to be online. No estimates of theoretical sampling error can be calculated; a full methodology is available

Print Friendly, PDF & Email

35 comments to Survey Shows Obama Falls Short on Housing Market Promises

  • It’s perfect time to make a few plans for the long run and it is time to be happy. I’ve read this publish and if I could I desire to counsel you some interesting issues or tips. Perhaps you could write subsequent articles regarding this article. I want to read even more issues approximately it!

  • I don’t even know how I ended up here, but I thought this post was good. I don’t know who you are but definitely you’re going to a famous blogger if you are not already ;) Cheers!

  • Great article and right to the point. I don’t know if this is really the best place to ask but do you guys have any thoughts on where to hire some professional writers? Thanks :)

  • A powerful share, I just given this onto a colleague who was doing a little bit evaluation on this. And he the truth is purchased me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the treat! However yeah Thnkx for spending the time to discuss this, I really feel strongly about it and love reading more on this topic. If doable, as you develop into experience, would you mind updating your weblog with more particulars? It’s extremely helpful for me. Massive thumb up for this weblog submit!

  • I like what you guys are up too. Such smart work and reporting! Carry on the excellent works guys I?¦ve incorporated you guys to my blogroll. I think it will improve the value of my web site :)

  • I very like this blog. Everything is cleared.

  • I like this internet site because so much useful material on here : D.

  • Lovely site! I am loving it!! Will be back later to read some more. I am taking your feeds also.

  • Very interesting info!Perfect just what I was looking for!

  • Really wonderful info can be found on web site.

  • w88

    … [Trackback]

    […] Find More here to that Topic: […]

  • I do like the way you have framed this particular challenge plus it does supply me personally some fodder for consideration. However, coming from just what I have personally seen, I simply hope when other opinions pile on that folks remain on issue and in no way embark upon a tirade involving some other news of the day. Still, thank you for this superb point and though I do not necessarily concur with it in totality, I value the perspective.

  • whoah this weblog is excellent i like studying your articles. Stay up the good work! You realize, a lot of individuals are hunting around for this info, you could aid them greatly.

  • Excellent web site. Plenty of useful information here. I¦m sending it to some pals ans additionally sharing in delicious. And of course, thanks for your effort!

  • I have been reading out some of your stories and i can state pretty good stuff. I will definitely bookmark your website.

  • What¦s Taking place i’m new to this, I stumbled upon this I’ve found It absolutely helpful and it has helped me out loads. I’m hoping to contribute & help different customers like its helped me. Good job.

  • certainly like your web-site however you need to take a look at the spelling on several of your posts. A number of them are rife with spelling problems and I to find it very bothersome to tell the truth on the other hand I will certainly come again again.

  • Merely a smiling visitor here to share the love (:, btw great style and design. “The price one pays for pursuing a profession, or calling, is an intimate knowledge of its ugly side.” by James Arthur Baldwin.

  • Wow that was strange. I just wrote an very long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say fantastic blog!

  • Wonderful web site. Plenty of helpful information here. I am sending it to several pals ans additionally sharing in delicious. And naturally, thanks on your effort!

  • Hey There. I discovered your blog the use of msn. This is a really smartly written article. I’ll be sure to bookmark it and return to read extra of your helpful information. Thanks for the post. I will definitely comeback.

  • … [Trackback]

    […] Here you will find 83819 more Info to that Topic: […]

  • … [Trackback]

    […] Information on that Topic: […]

  • naturally like your web-site however you have to check the spelling on quite a few of your posts.
    A number of them are rife with spelling issues and I
    to find it very troublesome to tell the reality then again I’ll surely come again again.

  • Everyone loves it when individuals come together and share thoughts.

    Great blog, continue the good work!

  • Hi there, just became aware of your blog through Google, and found that it’s really informative.
    I’m going to watch out for brussels. I will be grateful if you
    continue this in future. A lot of people will be
    benefited from your writing. Cheers!

  • I simply want to mention I am just very new to blogging and site-building and truly enjoyed your blog. Most likely I’m likely to bookmark your website . You absolutely come with outstanding posts. Cheers for sharing your website page.

  • That is very interesting, You’re a very skilled blogger.
    I have joined your feed and sit up for in quest of more of your
    excellent post. Additionally, I’ve shared your site in my
    social networks

  • Thanks for sharing excellent informations. Your site is so cool. I’m impressed by the details that you’ve on this website. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for extra articles. You, my friend, ROCK! I found just the info I already searched everywhere and just couldn’t come across. What a perfect web site.

  • … [Trackback]

    […] Here you can find 44712 more Info on that Topic: […]

  • Some times its a pain in the ass to read what people wrote but this web site is real user friendly! .

  • I was reading some of your content on this site and I believe this site is real informative! Keep on posting.

  • Unquestionably consider that that you said. Your favourite reason seemed to be on the internet the easiest thing to consider of. I say to you, I certainly get annoyed while folks think about worries that they plainly do not realize about. You controlled to hit the nail upon the top as well as outlined out the whole thing with no need side effect , people could take a signal. Will probably be again to get more. Thanks

  • I am glad to be a visitor of this double dyed blog! , regards for this rare information! .

  • is required to disembark the first-class house to bosom together. [url=]generic cialis online edsmrl[/url] an influential differential of profitГђ ГђВ†itГђ ГђВ†s first set at 21 it.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>