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 landlordHomeownership creates the opportunity to pay off a mortgage and own your home by the time you retireHomeownership is an investment opportunity that builds long-term wealth and increases net worthHomeownership means a stable and predictable monthly mortgage paymentHomeownership allows for various deductions on federal, state, and local income taxesThe survey also revealed that the majority of Americans strongly agree that homeownership helps create safe, secure, and stable environments.Bottom LineHomeownership has always been and still is a crucial part of the American Dream.
David Lerman
