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Trulia.com's Foreclosure Attitudes Survey Presentation
Trulia.com's Foreclosure Attitudes Survey Presentation
Trulia.com's Foreclosure Attitudes Survey Presentation
Trulia.com's Foreclosure Attitudes Survey Presentation
Trulia.com's Foreclosure Attitudes Survey Presentation
Trulia.com's Foreclosure Attitudes Survey Presentation
Trulia.com's Foreclosure Attitudes Survey Presentation
Trulia.com's Foreclosure Attitudes Survey Presentation
Trulia.com's Foreclosure Attitudes Survey Presentation
Trulia.com's Foreclosure Attitudes Survey Presentation
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Trulia.com's Foreclosure Attitudes Survey Presentation

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Trulia.com's presentation of the December 2010 Harris Survey on Foreclosure Attitudes among Americans. The survey was conducted 11/2-11/4, 2010 among 2,034 U.S. adults aged 18 years and older.

Trulia.com's presentation of the December 2010 Harris Survey on Foreclosure Attitudes among Americans. The survey was conducted 11/2-11/4, 2010 among 2,034 U.S. adults aged 18 years and older.

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  • 1. TRULIA.COM FORECLOSURE ATTITUDES SURVEY DECEMBER 2010
  • 2. Top Level Findings
    • 58% of American adults expect the housing market will not recover until after 2012.
    • Only 10% think it will recover in 2011, and 22% think it will be 2015 or later before the market recovers.
    • 48% of American adults with mortgages would consider walking away from their homes if they owed more than their home was worth, up from 41% in May 2010.
    • 49% of U.S. adults are at least somewhat likely to consider buying a foreclosed home, up from 45% in May 2010.
    • 81% believe there are downsides to buying a foreclosed home.
    • Among adults who believe buying a foreclosure has disadvantages, their top concerns included:
      • 66% think buying a foreclosure may involve hidden costs,
      • 54% believe the process of buying a foreclosure is risky, and
      • 33% fear that a foreclosed home may lose value after they purchase it.
    • 97% would expect at least some discount on a foreclosed home; 67% expect to pay at least 30% less for a foreclosed home than a similar non-foreclosed home.
  • 3. Methodology
    • This November 2010 survey was conducted online within the United States by Harris Interactive via its QuickQuery( SM ) online omnibus service on behalf of Trulia and RealtyTrac between November 2-4, 2010 among 2,034 U.S. adults aged 18 years and older.
    • The sample included 1,329 homeowners, 1,000 of whom currently have a mortgage, and 652 renters.
    • Figures for age, sex, race/ethnicity, education, region and household income were weighted where necessary to bring them into line with their actual proportions in the population.
    • Propensity score weighting was used to adjust for respondents’ propensity to be online. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated.
  • 4. When Americans Expect the Housing Market to Recover Year % of American adults who believe housing will recover Already recovered 4% 2010 1% 2011 10% 2012 27% 2013 24% 2014 12% 2015 or later 22%
  • 5. Attitudes Toward Buying a Foreclosure
    • 49 percent of U.S. adults are at least somewhat likely to consider purchasing a foreclosed property , up from 45 percent in May 2010.
    • The number of U.S. adults who believe there are downsides to buying foreclosed properties has increased to 81 percent, from 78 percent in May 2010.
    Top Concerns Among Those with Negative Sentiment toward Buying a Foreclosure November 2010 May 2010 Hidden costs 66% 68% Process is risky 54% 49% Home may lose value 33% 35%
  • 6. Infographic: What would you do if you can’t pay your mortgage
  • 7. Infographic: When will the housing market recover?
  • 8. Infographic: How will robo-signing impact the market?
  • 9. Infographic: Would you strategically default on an upside-down home?
  • 10.
    • For the full data and to download a replay of Trulia CEO Pete Flint and RealtyTrac SVP Rick Sharga discussing the results of the survey and other insights into the real estate market, click here .
    FOR MORE INFORMATION:

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