Top Reasons Why Americans Buy Homes

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Real Estate Broker/Owner with New York Real Estate Experts

The Top Reasons Why Americans Buy Homes| Keeping Current Matters  

Last week, the inaugural "Homebuyer Insights Report" was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership. Consumer Lending Executive, D. Steve Boland, explained:

"Homebuyers today are motivated by both emotional and practical reasons. Nearly all want more space, but a majority of homebuyers, especially those purchasing their first home, are also looking for a place to call their own, put down roots and make memories. They value the emotional benefits of owning a home as much as the financial ones."

The Top Reasons Why Americans Buy Homes| Keeping Current Matters

Boland went on to say:

"The path to homeownership is a journey and can be as overwhelming as it is exciting. For many people, this is the single most significant financial transaction they will ever make."

This was evidenced in the report when they asked today's homebuyers to define homeownership. Their answers tell the whole story. The Top Reasons Why Americans Buy Homes| Keeping Current Matters

Bottom Line

Homeownership has always been a part of the American Dream and survey after survey confirms this will always be the case.   

Rummy Dhanoa - Broker with New York Real Estate Experts
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Tags:
home buying
american dream
why buy a home
rummy dhanoa
expert advisor
new york real estate experts
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Rainmaker
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Mike Wong
Keller Williams Realty Southwest - Sugar Land, TX
Realtor: Commercial, Residential, Leasing, Invest

Thanks for sharing. I'm going to also share this in my presentations from now on. Most residential real estate transactions are an emotional decision in my experience with friends and family. On the commercial side every deal has been all business. The exceptional emotional commercial deals are when I turn ordinary people into millionaires. 

Apr 13, 2016 05:31 AM #1
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Rainmaker
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