In a recent survey of potential home buyer attitudes more than 72% of American adults confirm that owning a home continues to be part of their personal dream and ambition. This is down from 77%, according to a similar survey only six months ago.
As you dig into the results the findings are a bit conflicting. Approximately 23% responded that their attitude toward homeownership has grown more positive in the last six months, while 19% say they feel more negatively.
Among those adults who are renting, 27% say they never intend to buy. Of the renters who do plan to purchase eventually, 68% said it would be more than two years before they do.
The factors that would encourage them to buy now are and the percentage of respondents who feel that way were:
47% – Able to save a down payment
28% – Land a new job
27% – Interest rates stay low or fall lower
24% – Some other factor that persuades them that buying makes financial sense
23% – Get a raise
9% – Local real estate market stabilizes
This report was prepared by Trulia. For more details regarding home sales statistics, visit Market Values on our website or request a customized report.
Michael, along with his wife Laura, is co-owner of Maine Home Connection, an independent real estate company located in Portland. Maine. Together they started the brokerage from scratch with a new vision of what a company could look like if it focused completely on the needs of our clients and our agents.