84% of Americans Believe Buying a Home is a Good Financial Decision

    84% of Americans Believe Buying a Home is a Good Financial Decision 84% of Americans Believe Buying a Home is a Good Financial Decision | MyKCM According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why they believe homeownership is a good financial decision:  Homeownership means the money you spend on housing goes towards building equity, rather than to a landlord Homeownership creates the opportunity to pay off a mortgage and own your home by the time you retire Homeownership is an investment opportunity that builds long-term wealth and increases net worth Homeownership means a stable and predictable monthly mortgage payment Homeownership allows for various deductions on federal, state, and local income taxes The survey also revealed that the majority of Americans strongly agree that homeownership helps create safe, secure, and stable environments.  Bottom Line Homeownership has always been and still is a crucial part of the American Dream.

    According to the National Association of Realtors®’ 2017 National Housing Pulse Survey84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why they believe homeownership is a good financial decision:

    1. Homeownership means the money you spend on housing goes towards building equity, rather than to a landlord
    2. Homeownership creates the opportunity to pay off a mortgage and own your home by the time you retire
    3. Homeownership is an investment opportunity that builds long-term wealth and increases net worth
    4. Homeownership means a stable and predictable monthly mortgage payment
    5. Homeownership allows for various deductions on federal, state, and local income taxes

    The survey also revealed that the majority of Americans strongly agree that homeownership helps create safe, secure, and stable environments.

    Bottom Line

    Homeownership has always been and still is a crucial part of the American Dream.

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    Jordan Forney

    Jordan is a recent graduate of Lenoir-Rhyne University where he received his BA in Multimedia Communications while also playing football all four years that he was enrolled. Jordan has experience in writing and photography from his time working for the school newspaper, Lenoir-Rhyne News (LRN). He also has marketing experience with WLRZ 99.3 where Jordan produced and aired PSAs and was in charge of marketing with the social media accounts. He was a part of the marketing team for the Lenoir Oiler's baseball team as well where he had a lot of the same responsibilities. Now Jordan works at Rinehart Realty where he is increasing his experience by posting blogs, maintaining social media accounts, and working directly under the Director of Marketing.

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