13 Sep HOMES ARE STILL A GOOD INVESTMENT
Most Americans still believe that homeownership is a good investment but many are concerned about affordability.
A new survey from the National Association of Realtors (NAR) shows that, 84% of respondents agree that owning a home is a good investment, the highest level since 2007.
Most respondents said that building equity in a home rather than boosting the bank accounts of landlords was their primary reason for viewing homeownership as a good investment. The second highest reason given was a mortgage-free home to boost retirement wealth.
Affordability is still the biggest issue for many people. The issue is bigger in the top 25 densest markets and among the working class (65%) and public servants (55%).
“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.