Every year, theNew York Federal Reservepublishes the results of theirSurvey of Consumer Expectations(SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing.
One of the many questions asked in the housing section of the survey was:
Assuming you had the financial resources to do so, would you like to OWN instead of RENT your primary residence?
Over three-quarters of respondents under the age of 50 said that they would prefer to own their home, rather than rent. While only 52.6% of those over 50 would prefer to own. The full breakdown can be found in the chart below.
When renters were asked what the average probability of owning a primary residence at some point in their future was, 66.4% of those under 50 believed that they would eventually own their home, while only 23% of those over 50 did.
Many had wondered if young Americans had lost their desire to own a home, but for those renting now, that dream is still alive.
Author:Andrea Semanko Phone: 360-840-9309 Dated: May 16th 2018 Views: 21 About Andrea: As a northwest native, I have a great understanding of Skagit, Island and Snohomish Counties as to t...
View our latest blog posts in your RSS reader. Click here to access.
Making the choice to buy or sell a home is a big decision. It is a fun, stressful, exciting and overwhelming all at the same time. It is my job as your broker to be your guide through the entire process. I have a Bachelors degree in Communication and I believe that effective communication leads to a happy real estate experience. Listening is the number one rule of good communication so I make sure I listen to you. I listen to your wants, needs, questions and concerns and I make sure to understand in order to best serve you. I work hard to coordinate and communicate with all parties involved to insure the process happens smoothly from start to finish. Real estate is my passion and I take great pride in my work and pride in my ability to make your home buying or selling experience a positive one. I look forward to the opportunity to help you.
Educate. Communicate. Negotiate. That is my commitment to you.
A little about me, my hobbies include: real estate, traveling, playing clarinet in the Whatcom Wind Ensemble (a local semi-pro performance group), wine tasting at local wineries, riding my horse, swimming, fishing, archery hunting, cooking and spending time with my husband and 2 cats!
“The ache for home lives in all of us, the safe place where we can g
"Sara Beth Owens sold our charming 1910 Craftsman home. She is confident, smart and responsive to all questions. Our home sold the second weekend it was listed to the perfect new owners. We are very pleased with the representation we received and highly recommend Sara Beth and Semanko Realty Group!"