Jun 20, 2011

Americans still bullish on Home Ownership

In a recent survey of 2,000 bipartisan voters, 75% of Americans said that “owning a home is the best long-term investment they can make and is worth the risk of ups and downs in the housing market”. Sponsored by the National Association of Home Builders, the survey showed that despite their situation - whether underwater on their home or even renting - Americans are still optimistic about home ownership.

Home ownership was cited as “best long-term investment” by 81% of those who own their homes outright, 76% of people with home loans, 67% of renters, and 65% who owe more than they could sell their home for today.

When survey respondents were asked if they’d recommend buying a home to a friend or family member just starting out, 80% said “yes.” Even home owners currently underwater - those who owe more on their home than it is currently worth - 78% said they would recommend home ownership to family or friends starting out. Of those surveyed who do not own a home, 73% said their goal is eventually to buy one. [where: 75230]

1 comment:

real estate license said...

I am actually one of those 67% who still pays for rent but I am saving up to have a home of my own soon too. I definitely would agree that it would be one of the best long term investments out there. Although cars are more fun, I'd still like to have a house of my own first.