• Home
    • Buyers
    • 84% of Americans Believe Buying a Home is a Good Financial Decision

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

    According to the National Association of Realtors®’ 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.

    Trackback from your site.

    Danny Cheung

    I spent over twenty five (25) years with the Department of Defense in the hardware/software design and development as well as program management prior to joining the Group in a full time capacity. I am thrilled to put my years of experience as an Electronics Engineer to assist and lead our Real Estate Group to the next level. I am committed to establishing the tools and resources necessary for our team members to work more seamlessly and effectively thus ensuring our clients full satisfaction. My wife and I have two daughters and a dog (he's more like our son). I enjoy travelling and watching sports especially football…Go Skins!

    Leave a Reply