Majority of U.S. homeowners and renters believe it’s good to own a home: NAR

January 19, 2011 06:05PM

Ninety-five percent of homeowners and 72 percent of renters agree that owning a home is a smart decision over the long term, according to the American Attitudes About Homeownership survey by the National Association of Realtors. In addition, 93 percent of homeowners are happy with the decision to own a home and would buy again. “Homeowners and renters agree that homeownership benefits individuals and families, strengthens our communities, and is integral to our nation’s economy,” said Ron Phipps, president of the NAR. “The results of this survey illustrate just how important issues related to homeownership are to people in this country.” The survey also revealed some differences between homeowners and renters. While more than half of owners are “very” or “extremely” satisfied with the overall quality of their family life, only one-third of renters reported the same levels of satisfaction. A majority of renters — 63 percent — said that it was at least somewhat likely that they would purchase a home at some point in the future. TRD