When it comes to home ownership, a recent survey by the California Association of Realtors has found that 89% of young renters polled expressed interest in buying their own home at some point in the near future. It seems that in spite of economic uncertainty and high costs of living, the majority of young Americans surveyed still view home ownership as a sound and necessary investment in their economic stability and future.
A qualified Realtor can help young first-time home buyers navigate the process, from researching the right community to closing the sale, and there are several elements that young prospective homeowners share in their continued interest in the American Dream of home ownership.
An overwhelming 81% of young renters stated the desire to live in a nicer home as the biggest factor in their desire to eventually purchase a home. As young people move on in their careers and begin to start families of their own, the decision of where to live becomes all the more important.
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