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

Dated: 07/20/2017

Views: 50


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.  

Contact us today to get started!  Clarence & Leann 805-665-7190

Want to Advertise on this Site?

Latest Blog Posts

Hey Millennial Homeowners It May Be Time To Sell

Hey, Millennial Homeowners!! It May Be Time to SellContrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.

Read More

Top 12 Apps For Homeowners And Renters

Top 12 Apps for Homeowners and RentersMore than 77 percent of people own a smartphone.1 The average person checks their smartphone 46 times a day, with people under the age of 24 checking it an

Read More

Positive Equity

93.9% Of Homes in The US Have Positive EquityCoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for

Read More

How Much Is Your Home Worth

Real Home Value Calculator: Assessed Value vs Market Value Understanding a home’s true market value is about more than pictures, software assessments and price-per-square-foot. Whether you

Read More