Americans Still Believe Buying a Home Is a Good Financial Decision
NAR's eighth annual Housing Opportunity Pulse Survey reveals that nearly eight out of 10 respondents believe buying a home is a good financial decision, despite ongoing challenges with the economy and housing market. The telephone survey of 1,209 urban and suburban adults in the top 25 metropolitan statistical areas was conducted for NAR by American Strategies and Myers Research & Strategic Services for NAR's Housing Opportunity Program.
Some key results:
Americans continue to believe that buying a home is a good financial decision (77 percent believe total strongly or not so strongly, 68 percent strongly so).
More than two-thirds of respondents (68 percent) say that now is a good time to buy a home.
Job insecurity and the lack of jobs continue to be the primary obstacle to home ownership and market recovery.
A majority of renters say that owning a home at some point in the future is either one of their highest priorities (39 percent) or a moderate priority (24 percent). Just 21 percent of renters say that owning a home is not a priority at all.
With interest rates at historical lows, and abundant inventory to choose from in the Portland metro area market... the deals are out there for the 80% of you that believe buying a home now is a good financial decision!