In a recent survey of the National Association of Realtors, 84% of Americans surveyed have an “overwhelmingly” belief that buying a home is a good financial decision. A majority of those surveyed, over 50%, believe that home ownership plays a part in providing a safe and stable environment and that purchasing real estate is a “solid financial decision”.
While the top financial reasoning for buying a home are building equity and preparing for retirement , some are concerned about the cost of real estate. Nationally, 44% indicated that a lack of affordable housing is “a very big or fairly big problem”. Misperceptions regarding down payments play a key role in the affordability issue. NAR president, William E. Brown, says, "Despite the growing concern over affordable housing, this survey makes it clear that a strong majority still believe in home ownership and aspire to own a home of their own."
Who do you trust when making this huge financial decision? REALTORS are among the top three of the trusted sources when it comes to purchasing a property according to those surveyed. Friends/family and banks were among the other top trustworthy sources named. Trusting your real estate agent is the foundation of purchasing real estate.
The Montuori Group of Keller Williams Realty is available 8 days a week to answer your real estate questions. Call to receive a complimentary consultation and market analysis with no obligation. 916-562-0788