Posted by Jonathan J. Miller -Monday, February 14, 2011, 9:18 AM
Last week I was invited to co-anchor a press briefing for Trulia (I’m an original advisory board member) with Co-founder Pete Flint (one of the nicest, smartest people I’ve ever met). He covered the survey results and I provided an overview of the state of housing in the US.
I addressed the fear and self-loathing housing discussion largely brought about by the expiration of the federal home buyers tax credit last spring. Far from being an apologist on the state of housing (we clearly have more pain in front of us), its more about the unintentional misdirection caused by relying on housing metrics that lag the market by as much as 5 months.
Their Harris Interactive poll results:
What we found this time around is that despite the nightmarish housing market, 70% of Americans still view owning a home as part of their personal American Dream. Moreover, we’re seeing positive signals for recovery from Millennials (young adults aged 18-34) and in the South & West.
American Dream Survey Q1 2011 [Trulia]
Listen to the press conference [iTunes]