Gallup Poll: Government Input Sought In Foreclosure Crisis

Posted by Orb Staff on January 30, 2012 No Comments
Categories : Mortgage Servicing

10821_78021812 Gallup Poll: Government Input Sought In Foreclosure Crisis Most Americans would rather have federal intervention to stem the foreclosure crisis than let the housing market resolve its own problems without government input, according to a new Gallup Poll.

The poll, which surveyed 1,000 adults, found that 58% of Americans prefer that the government act to prevent foreclosures, whereas 34% prefer the housing market resolve its problems on its own. A sharp partisan divide existed on this point, with 76% of Democrats and 61% of independents favoring government action and 64% of Republicans opposing it.

As for the state of U.S. homeownership, Gallup reports that 66% of Americans say they own their primary residence, down from 73% during the housing boom seen in 2006 and early 2007.

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