A vast majority of Americans believe that buying a home is a solid financial decision
According to a new study by the National Association of Realtors shows that most Americans believe that buying a home is a solid financial decision, and most believe they could sell their home for at least its initial purchase price.
The survey, which measures consumers’ attitudes and concerns about housing issues, found that building equity; wanting a stable and safe environment; and having the freedom to choose their neighborhood remain the top three reasons to own a home.
Some key findings from the year’s survey include:
- More than eight in 10 Americans believe that purchasing a home is a good financial decision, and 68 percent believe that now is a good time to buy a home.
- Sixty-one percent of renters now say that eventually owning a home is one of their highest personal priorities, up 11 points from 2013.
- Respondents expect to see continued improvement, as 89 percent expect real estate sales to increase or remain the same.
- The number of renters who are now thinking about purchasing a home has increased