Home Ownership - Still Preferred Over Renting
Do you ever hear someone say, “One day I wish to rent my very own home”? It doesn’t happen! It simply doesn’t exist. Most people today think owning a home makes far more sense than renting a home! In fact, 70% current tenants believe that home ownership is something they definitely would like to be a part of. Many consumers still value the idea of calling a home their own. Fannie Mae’s last quarterly National Housing Survey showed that the desire of home ownership among many Americans still strongly exists. Their findings were quite interesting and may be applicable to the way you feel about purchasing a home. Across a wide range of demographics, the belief is held that owning real estate is preferred over renting real estate. Factors such as school districts and safety were also reasons that influenced viewpoints of home ownership. One would question if so many people want to own, why don’t they? Financial hardships and confusion about the mortgage lending process i