The Top Reasons Why Americans Buy Homes

By
Real Estate Agent with EXP Realty LLC SL3230490

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.”

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.

Bottom Line

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

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Michael J. Perry 04/23/2016 01:41 AM
Topic:
Home Buying
Tags:
jacksonville
for buyers
first time homebuyers
moveup buyers
sylvia albers
keller williams atlantic partners southside
selling with sylvia and the albers team

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Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

The reality is Home Ownership is a huge part of your overall Financial Planning  !

Apr 23, 2016 01:37 AM #1
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Sylvia Albers

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