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Buying or Renting? Which Way is the Population Going?: 01/25/2011

Buying or Renting? Which Way is the Population Going?

NAR Studies Show Buying a Home is Still Considered a Good Investment

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RET Staff Go to Profile RET Staff
Published: 01/25/2011
Posted by: RE Technology
dreaming_for_a_home_200pxIs the economy stabilizing? Are potential homebuyers turning to renting instead of home ownership?

NAR just released their annual Housing Opportunity Pulse Survey of 1,209 urban and suburban adults in the top 25 metropolitan statistical areas which revealed some interesting trends.

The most positive result of the study for real estate professionals is that Americans continue to believe that buying a home is a good financial decision. Seventy-seven percent believe total strongly or not so strongly, 68 percent strongly so. More than two-thirds of respondents (68 percent) say that now is a good time to buy a home.

 

Comments on: Buying or Renting? Which Way is the Population Going?
by Victor Lund 2011-01-25 14:34:38
In nearly every city in the country, it is better to own than to rent. Great reason for agents to begin prospecting renters and converting those with credit into buyers.

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