A substantial majority of both homeowners and current renters agree that owning a home is a smart decision over the long term.
That’s according to the results of a National Association of Realtors® survey.
In today’s market, many aspiring homeowners are faced with worries about job security and creditworthiness.
Among renters who are very or extremely likely to buy a home in the future, three out of five consider confidence in job security and creditworthiness to be an obstacle.
The American Attitudes About Homeownership survey found that in today’s challenging economy, 95 percent of owners and 72 percent of renters believe that over a period of several years, it makes more sense to own a home.
In addition, an overwhelming majority of home owners are happy with their decision to own a home – 93 percent of owners surveyed would buy again.
Homeowners and renters agree that home ownership benefits individuals and families, strengthens our communities, and is integral to our nation’s economy.
The survey uncovered some differences between homeowners and renters, as well. While more than half of owners are “very” or “extremely” satisfied with the overall quality of their family life, only one-third of renters report the same levels of satisfaction.
Similarly, 43 percent of homeowners are very/extremely satisfied with their community life, compared with 30 percent of renters.
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