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Sponsored by Quicken Loans |
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Survey Says: Homeownership Is a Sound Investment-If You Can Afford It |
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The majority of Americans believe in the wealth-building potential of homeownership, but many are struggling to reconcile the outcome with its cost, according to a new survey by the National Association of REALTORS® (NAR). Eighty-four percent of survey respondents in NAR's 2017 National Housing Pulse Survey view owning a home as "a good financial decision," but 60 percent are also concerned about costs, now and in the future. Affordability, in fact, was identified by respondents as one of their top five challenges, ahead of employment security. Forty-four percent of respondents report the lack of affordable housing in their community as a "big" or "fairly big" issue. Markedly, non-white and unmarried respondents were more likely ...
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