According to the recent homebuyer poll released by TD Bank shows that huge majority (84%) of today's younger renting generation (ages 18-34) intends to buy a home. Doug Duncan, Vice President and Chief Economist of Fannie Mae said, “In spite of the impact of the housing crisis on home values and home ownership rates across the country, Americans by and large still hope to become homeowners.”
The poll also found out that the primary motivation for purchasing their first home is to achieve their American Dream (18%). Next is Good Opportunity (17%); Evolving Family (11%) and lastly Financially Readiness (10%).
According to the survey, 66% of the female respondents plan to own a home while only 57% of the male respondents want to achieve their American dream.
If you are still currently renting, then I should tell you that home ownership is more achievable than ever! Mortgage rates are historically low (Now at 3.83% for 30-year fixed rate) and competitive pricing is available in the market. Furthermore, there are affordable new homes catered for the first time home buyers! I will be happy to assist you to find the perfect home for you. For a compilation of properties suitable for you, please check out www.anchoragehomedeals.com.
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