Kristine Dugan, ABR, BS, CRS, SFR
Your Resource for All Things Real Estate
Direct Phone: 702-332-7781 :: Email: info@HomeSearchVegasValley.com
Why People Buy a Home
Posted on May 14, 2011
Recently, National Association of Realtors conducted a survey on people that bought homes in the 2010 and asked them why they decided to buy a home. Was it because interest rates were at historic lows? Was it because values have reduced to almost half of what they were during the real estate boom? Was it for the tax benefits associated with home ownership? No, No, and No.
Source National Housing Survey conducted by Fannie Mae:
The main reason people buy bought a home in 2010 was for the simple desire they wanted to own a home. Simple enough right? Well this makes me think, why do people desire a home?
After doing some research, I found a couple of reasons why home ownership is desired:
- It means having a good place to raise children and provide a good education
- You have a physical structure where you and your family feel safe
- It allows you to have more space for your family
- It gives you control over what you do with your living space (renovations & updates
In addition to the reasons above,I found a survey conducted by Harris Interactive for the National Association of Realtors, home owners believe that home ownership benefits individuals and families and strengthens our communities.
So bottomline, buying a home is still apart of the "American Dream" and home ownership provides a good place to raise a family along with providing emotional security and strengthens local communities. If you or someone you know is looking to buy a home for a good place to raise a family, contact me directly for a free buyer consultation.
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