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

Posted in on Jul 21, 2017

84% of Americans Believe Buying a Home is a Good Financial Decision | Keeping Current Matters

According to the National Association of RealtorsĀ®’ 2017 National Housing Pulse Survey84% 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.

Jennifer Gascon

Jennifer Gascon
Real Estate Professional

Cell
858.382.0349

Email

CalBRE #01943416

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