Kaine Homes

Some encouraging news:

By: Tim Bryant

St. Louis Post-Dispatch

A national survey out today shows–perhaps to no one’s surprise–that most consumers still see home ownership as a big part of the American Dream.

The Trulia Inc. online survey last month of 2,076 adults found that more than three fourths of Americans consider home ownership part of their American dream.

But only 5 percent of the respondents said government economic incentives are the single most important thing President Barack Obama can do to stem the housing meltdown. More than half of those surveyed said job creation and security–together–is the most important thing Obama can do to restore faith in the dream of home ownership.

“We’re living in really unique times in housing,” Trulia CEO Pete Flint said this morning during a nationwide conference call Building Blocks monitored. “With all this doom and gloom, we see that three quarters of Americans see that home ownership is still part of their American Dream.”

A sense of community and having a place where the kids can play in the yard remain as powerful incentives for home ownership, Flint said.

But Greg McBride, senior financial analyst with Bankrate, told reporters homeowners must “adjust to the reality that housing is a long-term investment; it’s not a get-rich-quick scheme.”