Many Blacks still see owning a home as a primary way to achieve the American dream. But a majority of Blacks believe that this dream is currently unattainable and will only be harder to achieve in the future, according to a Fannie Mae survey.

According to BlackAmericaweb.com, nearly 62 percent of African-Americans surveyed said they still preferred to own a home, despite the recent recession and ongoing economic downturn, but 19 percent of those currently renting said the economy will force them to postpone purchasing a home.

According to the survey, 73 percent of African-Americans also believe that it would be more difficult for Black buyers to get a loan than the general population, and 61 percent said it will be harder for their children to buy a home. Most respondents believed it will be harder for them to own a home than it was for their parents.

The survey also found that 66 percent of African-American homeowners have refinanced their homes, compared to 46 percent of the general population who have never done so.

The survey of 3,051 citizens in the U.S. included mortgage borrowers, homeowners, renters and borrowers who owe more on their mortgage than their home is worth.

Survey respondents described difficulty in affording a home, poor credit and a complicated purchase process as their primary reasons for not owning a home. Many homeowners having trouble making their mortgage payments said they are considering defaulting on their loan.

While 83 percent of respondents in 2003 said they believed a home was a safe investment, that number declined to 70 percent in the recent survey.