Survey: Why buy a home?
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What prompts consumers to go house hunting?
According to a recent Harris Survey, 25% said their decision was driven by a change in their life circumstances, such as a retirement, a new baby, a new job or a divorce. Eighteen percent said they’re moving to get a bigger or better home, and almost as many said they’re motivated by the potential investment.
One in three Americans ages 18 to 24 predict they’ll buy a home within two years.
About 4% who are planning to move soon are doing it for a smaller monthly payment.
And most current homeowners aren’t going anywhere. Just 10% said they intend to sell in the next two years.
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