Survey says: renters still want to own a home. Owning a home is still an American dream, despite many houses being underwater. As a reminder, this means that owners owe more money on the house than the appraised value. Some industry experts estimate that 25% to 30% of total homes owned in the U.S. have [...]
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Home ownership may be a distant American dream
Takeaway: Affordability with low mortgage rates is not increasing monthly home sales. The American dream lives on with 72% of respondents from a survey by the National Association of Realtors (NAR) saying they would like to own versus rent. In our opinion, single-family homes are desirable for families that want a good school system, safe [...]