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

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:
Homeownership means the money you spend on housing goes towards building equity, rather than to a landlord
Homeownership creates the opportunity to pay off a mortgage and own your home by the time you retire
Homeownership is an investment opportunity that builds long-term wealth and increases net worth
Homeownership means a stable and predictable monthly mortgage payment
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.
Two Reasons Why Today’s Housing Market Isn’t a Bubble
Today, there’s still a shortage of inventory, which is causing ongoing home price appreciation.
The Average Homeowner Gained $64K in Equity over the Past Year
In addition to building your overall net worth, equity can also help you achieve other goals like buying your next home.
More Americans Choose Real Estate as the Best Investment Than Ever Before
Your house is also an asset that typically increases in value over time, even during inflation.
Why You Need an Expert To Determine the Right Price for Your House
Your goal is to aim directly for the center – not too high, not too low, but right at market value.
What Does the Rest of the Year Hold for the Housing Market?
Home prices are forecast to keep appreciating because there are still fewer homes for sale than there are buyers in the market.
Why Summer Is a Great Time To Buy a Vacation Home
The first step is working with a local real estate advisor who can help you find a home in your desired location.