Home Buyers Say They’re Still Waiting | Carson Valley Real Estate, Gardnerville Homes, Carson City real estate

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Home Buyers Say They’re Still Waiting
Thursday, October 9th, 2008

Market uncertainty is scaring away people who donâ€™t own a home, particularly those who are in the 18-34 age group previously most likely to buy, says online real estate service Trulia. More than 70 percent of non-homeowners surveyed say they have no plans to purchase a home in the next year. But the good news is 12 percent of non-homeowners say they expect to buy a home in the next 12 months.

Other key information from the survey includes:

44 percent of those 18-34 year do not own a home right now is because they believe home ownership is too expensive.

41 percent of 35- to 44-year-old respondents polled says they donâ€™t think they can qualify a home loan.

92 percent of homeowners say they donâ€™t plan to move in the next 12 months.

49 percent of homeowners still believe that their home is a great long-term investment.

Only 4 percent of non-homeowners said that â€œWaiting for the new Housing Recovery Act to take effectâ€ was keeping them from home ownership.

More than half of all non-homeowners said they still believe home ownership is an important piece of achieving â€œthe American Dreamâ€.

Women aged 35-44 in the survey agreed on this sentiment more than men aged 35-44 (66 percent versus 47 percent).

Non-homeowners with an annual household income of $50,000 to $75,000 agreed more strongly (78 percent) on a home being central to achieving their personal American Dream than those with an annual household income of under $49,000 or over $75,000 (51 percent and 53 percent, respectively).

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