Tuesday, February 15, 2011

American Still Believe in Homeownership

Nearly 8 in 10 Americans Still Believe Buying a Home Makes Good Financial Sense, according to this RISMedia article from last October. Although the article is a bit older, the economy continues to improve making this statement even stronger.

The article goes on to say:

"Despite economic uncertainty, 68% of those surveyed still believe now is a good time to buy a home; while that number is down from last year (75%), it’s up from 2008 (66%) and 2007 (59%). Lower home prices and record-low mortgage interest rates may be attracting buyers to the housing market—more than one-fourth of renters said they are thinking more about buying a home than they were a year ago. Sixty-three percent of renter respondents said that owning a home is a priority in their future, and nearly 40% said it was one of their highest priorities."

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