Harris Interactive, a market research firm’s bi-annual survey on purchasing a home found the following from a recent online survey:
Among renters, 59% said they aspired to own a home, but of those, 51% said saving enough for a down payment was their biggest obstacle.
Those in the 18-34 age group cited the following concerns: 62% saving down payment, 36% qualifying for a mortgage, 34% having poor credit, 31% in ability to pay off existing debt, 29% not having a stable job and 13% declining home values.
Both the 18-34 and over 55+ age groups expressed preferences that indicate they prefer to live in urban centers: The younger group preferred short commutes to work and the older group preferred the proximity to restaurants and shops.
The majority, 70% of respondents said owing a home is part of their American dream. This attitude toward homeownership rose with age, from 65% of 18-34 year olds to 76% of those 55 +.
Among current homeowners, 80% said they plan to buy another home in the future and 57% said owning a home is among the best long term investments.
Image by MightyBoyBrian via Flickr
Harris Interactive, a market research firm’s bi-annual survey on purchasing a home found the following from a recent online survey:
Among renters, 59% said they aspired to own a home, but of those, 51% said saving enough for a down payment was their biggest obstacle.
Those in the 18-34 age group cited the following concerns: 62% saving down payment, 36% qualifying for a mortgage, 34% having poor credit, 31% in ability to pay off existing debt, 29% not having a stable job and 13% declining home values.
Both the 18-34 and over 55+ age groups expressed preferences that indicate they prefer to live in urban centers: The younger group preferred short commutes to work and the older group preferred the proximity to restaurants and shops.
The majority, 70% of respondents said owing a home is part of their American dream. This attitude toward homeownership rose with age, from 65% of 18-34 year olds to 76% of those 55 +.
Among current homeowners, 80% said they plan to buy another home in the future and 57% said owning a home is among the best long term investments.
Are you still on the fence trying to decide whether to keep on renting or take the leap into home ownership? You may never again experience these low home prices combined with the lowest interest rates ever again. Check out this handy calculator to help you see the advantages of home ownership. (CLICK HERE)
If you are still unsure, you should contact a REALTOR to discuss the advantages of purchasing a home and find out how much of a loan you can qualify for.
Don’t be left sitting on the fence saying should’ve…..would’ve…..could’ve Act now and contact your Real Estate specialist.
Harris Interactive, a market research firm’s bi-annual survey on purchasing a home found the following from a recent online survey: 
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