Home Buying Seen as Safe Investment

Bill Lurz, Senior Editor
October 1, 2002
Professional Builder

According to Fannie Mae's annual housing survey, more Americans are buying or plan to buy homes in part because 70% view the purchase of a home as the safest, most lucrative place to put their money.

This opinion cuts across age groups and income levels in all regions of the country and counters the argument that demand for homes will dissipate drastically when interest rates go up.

"Many have seen appreciable gains in the value of their homes," Fannie Mae CEO Franklin Raines says, "even those who bought as recently as a year ago."

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