The Buy/Rent Scale is Tipping
In a new national opinion survey from the John D. and Catherine T. MacArthur 
Foundation it was found that attitudes are shifting in the ‘is it better to buy or rent’ debate.
“America is going through a transformational period,” says Peter Hart, chairman emeritus of Hart Research, which conducted the survey on behalf of the foundation. “The unexpected is becoming the expected... [and] housing attitudes are indeed part of this new transformational world.”
The full report can be found here: "How Housing Matters: Americans’ Attitudes Transformed By The Housing Crisis & Changing Lifestyles." The highlights are as follows:
Since Americans have seen thehousing market crumble, that is a very real and
very recent reality they place a lot of credence in. These same
Americans have not seen or felt the turnaround. They are living
cautiously on a day-to-day basis and until the hot market is felt on
that individual level, the real estate recovery will not be persuasive
enough to push people over that ‘aspiring edge.’
BozemanMontanaRealEstate.net
Foundation it was found that attitudes are shifting in the ‘is it better to buy or rent’ debate. “America is going through a transformational period,” says Peter Hart, chairman emeritus of Hart Research, which conducted the survey on behalf of the foundation. “The unexpected is becoming the expected... [and] housing attitudes are indeed part of this new transformational world.”
The full report can be found here: "How Housing Matters: Americans’ Attitudes Transformed By The Housing Crisis & Changing Lifestyles." The highlights are as follows:
- 72%
of all renters aspire to own a home and 84% of all renters under the
age of 40 aspire to own a home. Please note the word ‘aspire’. This
makes it tricky to know how many of those surveyed are going to actively
pursue the aspiration versus allow
home ownership to remain a distant goal. - Over half of those surveyed open said that their homeowner
confidence is negatively impacted by the current economic environment.
Buying a home has become less appealing to 25% of those interviewed. This is a divergent trend as compared to what we have seen in the past year or so. On the other side, around that same percentage have felt an increased confidence since the economy has continued to improve.
Since Americans have seen the
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