The Benefits of Homeownership May Reach Further Than You Think 4.1KSHARES 3.8K 112 34 163 More than ever, our homes have become an integral part of our lives. Today they
Are You 1 Of The 59 Million Planning To Buy This Year
According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017.
The survey also revealed 3 key takeaways:
Those most likely to buy are ‘Older Millennials’ (ages 27-36) or ‘Generation X’ (ages 37-52)
Minorities, particularly African-Americans, were twice as likely to respond that they were considering purchasing a home this year than white respondents.
Many potential buyers believe they need to put 20% down and need to have perfect credit to own and are unaware of programs that would allow them to buy now.
Holden Lewis, a mortgage analyst for Bankrate.com, pointed to one big reason why many Americans are starting to consider homeownership:
“Having kids and raising a family is a primary reason why Americans take the leap into homeownership—many consider it a key component of the American dream.”
If buying a home is a part of your dream for 2017, meet with a local professional who can help you determine if you are able to.
For almost a decade I have been serving the real estate community. I am member of the Mississippi Gulf Coast Association of REALTORS® and the National association of REALTORS®.I am a Military Reloca....