Morning Minute: NAR survey finds goal of homeownership still strong

Image: Bigstock

Image: Bigstock

The desire to buy a home remains strong, particularly among younger renters.

An overwhelming majority (94 percent) of renters who are under 34 years old aspire to eventually become a homeowner, according to the new HOME (Housing Opportunities and Market Experience) survey released today by the National Association of REALTORS® (NAR).

Two key reasons given for not buying yet: inability to afford buying a home right now and the need for flexibility at this point in their lives. Download and share NAR’s infographic.

Read more from NAR but here are a few quick takeaways:

  • 88 percent of U.S. households believe owning a home is a good financial decision.
  • 87 percent of households believe homeownership is part of the their American Dream.
  • 36 percent say the most appealing aspect of owning a home is having a place to raise a family.

In other headlines:

Springfield Named A Top Housing Market In Country – WICS

Fannie Mae and Freddie Mac switch gears and increase foreclosures – HousingWire

 

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