An earlier released Fannie Mae National Housing Survey for the third quarter of 2011 showed Americans still value home ownership, but for varying reasons. They survey asked questions concerning today’s housing market.
Principal Reasons in Buying a Home
The surveyed showed four key reasons people buy homes:
~ Having a good place to raise children and provide them with a good education
~ Having a physical structure where you and your family feel safe
~ Allows more space for your family
~ Gives control of what you may do with living space (e.g., renovations)
As an Investment
Though many people buy a home for non-financial reasons, everyone realizes there is a financial element to owning a home:
~ 64% believe that homeownership is still a safe investment.
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