84 Of Americans Believe Buying A Home Is A Good Financial Decision

Dated: 07/24/2017

Views: 41

84% of Americans Believe Buying a Home is a Good Financial Decision | MyKCM

According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why they believe homeownership is a good financial decision:

  1. Homeownership means the money you spend on housing goes towards building equity, rather than to a landlord

  2. Homeownership creates the opportunity to pay off a mortgage and own your home by the time you retire

  3. Homeownership is an investment opportunity that builds long-term wealth and increases net worth

  4. Homeownership means a stable and predictable monthly mortgage payment

  5. Homeownership allows for various deductions on federal, state, and local income taxes

The survey also revealed that the majority of Americans strongly agree that homeownership helps create safe, secure, and stable environments.

Bottom Line

Homeownership has always been and still is a crucial part of the American Dream.

Blog author image

Bonnie Lelak

Experience with regular home sales, short sales, foreclosures, HUD homes, no down payment program homes, investors who flip homes or buy rentals, commercial properties, land sales, lake front properti....

Want to Advertise on this Site?

Latest Blog Posts

How Rising Prices Will Help You Build Family Wealth In 2018

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home

Read More

The Benefits Of Homeownership Go Beyond The Financial

Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving

Read More

4 Reasons To Sell This Winter

Some Highlights:Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!Housing inventory

Read More

712000 Homes In The US Regained Equity In The Past 12 Months

CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of

Read More