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Americans See Homeownership as Good Investment

According to a recent survey by the National Association of Realtors®’ measuring consumers’ attitudes and concerns about housing issues in the nation’s 25 largest metropolitan areas. Results found that 84 percent of Americans believe that purchasing a home is a good financial decision – the highest number since 2007.
Sixty percent said that they are concerned about affordability and the rising cost of buying a home or renting in their area. Housing affordability was ranked fourth in the top-five issues Americans face behind the lack of affordable health care; low wages and debt making it hard to save; drug abuse, and ahead of job layoffs and employment.
“Despite the growing concern over affordable housing, this survey makes it clear that a strong majority still believe in homeownership and aspire to own a home of their own. Building equity, wanting a stable and safe environment, and having the freedom to choose their neighborhood remain the top reasons to own a home,” says NAR president William E. Brown
Most surveyed believe that the most important financial reason to own a home is that the money spent on housing goes towards building equity rather than to a property owner. Paying off a mortgage and owning a home by the time you retire was the next most important financial reason for buying a home.

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