Pearl Realty | Pacific Northwest Real Estate Blog - Blog Archive: December, 2014

Top 5 Reasons Americans Buy a Home

There's no place like home. The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that American’s feel are most important in regards to homeownership. Interestingly, the top 4 reasons to own a home were not financial.

1. Homeownership means having a good place to raise children & provide them with a good education. From the best neighborhoods to the best school districts, even those without children at the time of purchasing their home, may have this in the back of their mind as a major reason for choosing the location of the home that they purchase.

2. You have a physical structure where you & your family feel safe. It is no surprise that…

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Homeownership is the Best Way to Build Wealth

The New York Times recently published the editorial, “Homeownership and Wealth Creation.”  The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment. The article explains:

“Homeownership long has been central to Americans’ ability to amass wealth; even with the substantial decline in wealth after the housing bust, the net worth of homeowners over time has significantly outpaced that of renters, who tend as a group to accumulate little if any wealth.”

Many of the points that were made in the article are on track with the research that the Federal Reserve has also conducted in their Survey of Consumer…

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