American's Still Love Their Homes

Real Estate Agent with Buyers Brokers Only, LLC

Despite the downturn in the housing market that ignited the foreclosure crisis and the meltdown in the economy, home ownership is still a major part of the American Dream.

A poll conducted by Allstate and the National Journal Group found that nearly nine out of 10 homeowners would buy their homes again, Banker & Tradesman reported in its Housing Scene blog March 22, 2011.

In addition, nearly three quarters of the poll's respondents would encourage a family member or friend to purchase a home as a long-term asset.

Considering the number of foreclosures and homeowners under water over the past several years, some people may be shocked by America's continued love affair with home ownership. I'm not surprised. It's simple in my opinion.

Does renting really compare to the satisfaction a person gets from owning his or her own home? It's not even close.

Comments (1)

Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT

Richard, I, totally, agree!  Owning your home, is still the best investment that anyone can make, even in today's market. The rates and prices, are low at the same time!  This is really unusual for a buyer.  Talking with a banker and a Realtor, would be the best move for any buyer.  First time, move up or 2nd home.  Investors are out and they are buying!

Mar 30, 2011 10:01 AM