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

New York /
Jan.January 19, 2011 06:05 PM

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


Related Articles

arrow_forward_ios
(iStock)
Pending home sales plunged nearly 11% in February
Pending home sales plunged nearly 11% in February
(iStock/Illustration by Kevin Rebong for The Real Deal)
Survey finds huge pay gap between white and Black realtors
Survey finds huge pay gap between white and Black realtors
(iStock/Illustration by Kevin Rebong for The Real Deal)
Home sales drop in February as inventory remains at all-time low
Home sales drop in February as inventory remains at all-time low
Rex CEO Jack Ryan and Zillow CEO Rich Barton. (Jack Ryan via LinkedIn, Rich Barton via Zillow Group)
Startup sues Zillow for suppressing lower-fee listings
Startup sues Zillow for suppressing lower-fee listings
Home sales were the busiest January on record, but still the fifth month of decline in a row. (iStock)
Pending home sales fall for fifth consecutive month
Pending home sales fall for fifth consecutive month
Redfin CEO Glenn Kelman (Photos via Ars Technica, iStock/Photo Illustration by Kevin Rebong for The Real Deal)
Redfin to publish broker commissions on 700K listings
Redfin to publish broker commissions on 700K listings
(iStock)
Pending homes sales dip for fourth straight month, but still break record
Pending homes sales dip for fourth straight month, but still break record
The median existing-home price exceeded $300,000 for the first time last year (iStock)
Vicious cycle creates “huge supply crunch,” pushing home prices up
Vicious cycle creates “huge supply crunch,” pushing home prices up
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...