Survey: Owners and renters agree owning a home is a smart long-term decision
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A significant majority of today’s home owners and renters agree owning a home is a smart long-term decision. According to a survey released by the National Association of Realtors, 95 percent of owners and 72 percent of renters believe over several years it makes more sense to own a home.
The American Attitudes About Home Ownership survey reported a majority of home owners and a strong percentage of renters "agree" or "strongly agree" that owning a home provides a healthy and stable environment for raising a family and that it helps them meet long-term financial goals. In addition, 93 percent of owners surveyed would purchase a home again.
However, owners and renters do not agree on everything. More than half of owners reported feeling very or extremely satisfied with the overall quality of their family life. Only one-third of renters reported the same level of satisfaction.
Sixty-three percent of renters reported they are at least somewhat likely to buy a home at some point in the future. Out of that group, young adults (18-29 years old) have the strongest aspirations to own a home.
This survey was conducted online within the U.S. and fielded Oct. 6-20, 2010. A total of 3,793 adults, 18 and older were surveyed, including 1,880 home owners, 1,115 renters, and 798 young adults. All samples came from the Harris Poll online database and were weighted for age, sex, race/ethnicity, education, region and household income to be representative of the U.S. general population of adults 18 and older. Propensity score weighting was also used to adjust for respondents' propensity to be online.
January 24, 2011 | Share: