According to the 2015 Housing Pulse Survey, a large percentage of Americans who live in the top 50 Metropolitan areas believe that the housing market has increased in the past year. This has many people thinking that now is a good time to sell or buy. However, with the improving market, many Americans are growing concerns about a rise in housing costs.
The 2015 Housing Pulse Survey reveals that an astounding 76% of participants feel that working a full time job still does not earn enough to purchase a home or apartment. Nearly half of participants are concerned about the increase in home prices in their area.
For Americans that are under the age of 35, 78% express that debt from college and student loans is a factor in not being able to purchase a home at this point in time.
Regardless of the obstacles Americans are facing in 2015 when trying to own a home, their reasons for wanting to own a home has stayed consistent over the years. They’re in search to build equity and have a stable environment in the neighborhood of their choice.
– One Ocean Drive Realty