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: 36 About Andrea: As a northwest native, I have a great understanding of Skagit, Island and Snohomish Counties as to t...
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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!
We keep hearing that home affordability is approaching crisis levels.
"SaraBeth Owens is amazing!! She is so professional, responsive and helpful. After she helped me find my dream home, I referred my friend and then my sister to her. She couldn't be more committed to making sure you find what is right for you - no matter how many houses she has to show you. You won't be sorry to use her as your agent."