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What Do Homeowners Say About Homeownership?

by Desi Sowers

There is no shortage of experts that want to let us know how Americans feel about owning a home after the collapse of the residential market in the last five years. They MUST be devastated. They MUST feel trapped like prisoners in their own homes. They MUST be sorry they ever bought the house. These assumptions seem logical at times and can occasionally be supported by anecdotal evidence.

However, we want to go to the only people who truly understand how homeowners feel - the homeowners themselves. There have been three major surveys done this year that can shed light on the issue:

The National Housing Survey

This survey conducted by Fannie Mae showed:

  • 96% of all homeowners said homeownership has been a positive experience.
  • 64% consider buying a home as a safe investment. Buying a home was considered safer than buying stocks by over three times the number of people (64% vs 17%).

The top four reasons to buy:

  1. It means having a good place to raise children and provide a good education
  2. You have a physical structure where you and your family feel safe
  3. It allows you to have more space for your family
  4. It gives you control over what you do with your living space (renovations & updates)

American Attitudes About Home Ownership

According to this survey conducted by Harris Interactive for the National Association of Realtors, home owners believe that home ownership benefits individuals and families and strengthens our communities.

The vast majority of home owners say that owning a home is a smart decision over the long term. Even in today’s challenging economy, 95% of owners believe that over a period of several years, it makes more sense to own a home.

Home owners are much more likely to be satisfied with the quality of their family and community life than renters. While more than half of owners (56%) are “very” or “extremely” satisfied with the overall quality of their family life, only about one-third (36%) of renters report the same levels of satisfaction. Also, 43% of home owners are “very” or “extremely” satisfied with their community life, compared with 30% of renters.

An overwhelming majority of home owners are happy with their decision to own a home. A full 93% of owners surveyed would buy again.

Pew Research Center Survey

This recent survey titled “Home Sweet Home. Still” delves into homeowners’ current belief in homeownership as a long term investment:

Homeowners whose home value has fallen only a little are equally enthusiastic about housing as a long-term investment: 85% say buying a home is the best long-term investment a person can make. Among those who say their home has maintained it value or increased in value, 88% agree…

Even those who have seen their home values plummet are still committed to the idea that buying a home is a solid, long-term investment. Among those who say their home has lost a lot of its value, 80% agree that buying a home is the best long-term investment (36% strongly agree, 44% agree somewhat).

Bottom Line 

There have been families that have been devastated by the current economy. However, through it all, homeowners have not wavered  in their belief in homeownership as the best long-term investment.

Written by The KCM Crew

New Listing - Classic Charm with Modern Convenience

by Desi Sowers

Please View Video Tour

Reminiscent of yesteryear but completely modern right down to the in-ground swimming pool.

This beautiful family home is welcoming in every way from the tree lined neighborhood to the large, bright rooms that are perfect for entertaining. Solid oak floors will guide you thru the home and into the fabulous sunroom that will simply drench you in relaxation year round. Grab a book from the built-in shelves and cozy up to the fireplace in the extra large living room. No lack of storage space with the floored attic and full basement.

With just 15 homes in the neighborhood, private one acre yard and also enjoy joint ownership of the 28 acres surrounding the homes. Conveniently located to schools, shopping and transportation, this home is ready to be passed along to the next loving owner.

 

Open House Tomorrow!

by Desi Sowers

 

OPEN HOUSE - SUNDAY; 4/3/11

1:30 - 3:30

Roam, Ramble and Relax!

One owner brick home is private and peaceful situated on 9.5 acres. Enjoy gleaming hardwood floors, quality wood doors and trim throughout, large closets and Anderson windows that help make this home easy on electric bills.

Recent improvements include new paint and flooring. Relax a bit in the all-season sunroom or take a dip in the swimming pool; this homes is a wonderful opportunity to own over nine acres located just minutes to VT, RU, schools, restaurants and shopping.

Take Advantage TODAY!

Displaying blog entries 1-3 of 3

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