Buying a Home Is a Good Financial Decision

NAR’s twelfth Housing Pulse Survey shows a vast majority of Americans believe that buying a home is a solid financial decision, and most believe that homeownership helps create safe, secure, and stable environments.

The survey, which measures consumers’ attitudes and concerns about housing issues, found that building equity and preparing for retirement are the top financial reasons for buying a home. Yet six in 10 say that they are concerned about the cost to buy a home or high rent prices in their area.

The telephone survey of 1,500 adults nationwide in the 25 most populous metropolitan statistical areas was conducted for NAR by American Strategies and Myers Research & Strategic Services for NAR”s Housing Opportunity Program.

Some key findings from the year’s survey include:

• Americans overwhelmingly believe that buying a home is a good financial decision; 84 percent hold that view.
• Nationally, 44 percent categorize the lack of available housing that is affordable as a very big or fairly big problem.
• Family and friends, REALTORS®, and banks top list of trusted sources when it comes to buying a home or property.Ac