Americans Think Buying a Home Is a Good Financial Decision

Survey SAYS… Americans Think Buying a Home Is a Good Financial Decision!  The NAR 2015 Housing Pulse Survey, which measures consumers’ attitudes and concerns about housing issues, found that the top three reasons cited to own a home was:

  1. building equity;
  2. living in a stable and safe environment;
  3. choosing where to live / neighborhood;

Over 83% of Americans continue to believe that owning a home is a good financial decision, despite cost concerns.  The number of renters who are now thinking about purchasing a home has increased since the last survey in 2013, up from 36 percent to 39 percent.

Some key findings from the year’s survey include:

  • More than eight in 10 Americans believe that purchasing a home is a good financial decision, and 68 percent believe that now is a good time to buy a home.
  • Sixty-one percent of renters now say that eventually owning a home is one of their highest personal priorities, up 11 points from 2013.
  • Respondents expect to see continued improvement, as 89 percent expect real estate sales to increase or remain the same.

NAR’s eleventh Housing Pulse Survey shows a vast majority of Americans believe that buying a home is a solid financial decision, and most believe they could sell their home for at least its initial purchase price.  The telephone survey of 1,000 adults nationwide in the 50 most populous metropolitan statistical areas was conducted for NAR by American Strategies and Myers Research & Strategic Services for NAR”s Housing Opportunity Program. An additional 250 interviews were conducted with millennial adults (born after 1981) from the same geography.

The Executive Summary of the National Pulse Report can be found online