New Survey Shows America's Confidence in Home Ownership

Robin Fenchel July 21, 2012

There’s good news for Irvine home owners. A recent survey shows that more Americans are confident in home ownership and real estate than ever before. Numbers are up over last year, and have even increased since the first quarter of 2012. Some results from the survey that indicate widespread renewed confidence include:

  • 69% believe that real estate is a good investment despite the market volatility of the past few years, up 6 percentage points from the first-quarter 2012 survey and 17 percentage points from first quarter 2011.
  • 72% expressed confidence that the real estate market and property values will improve during the next two years, including a 6-point jump among those “very confident” or “confident” vs. the first quarter 2012, and a 14-point gain in this subset over first quarter 2011.
  • Nearly two-thirds (64%) of respondents have a favorable perception of the U.S. housing market, up from 60% in first quarter 2012 and 52% in first quarter 2011).
It’s clear that American’s are falling back in love with the idea of home ownership, which is good for all Irvine home owners. This will translate to less vacancies, foreclosures and short sales that have plagued the real estate landscape in recent years. Housing is becoming affordable again and interest rates are at an all-time low, so many are acting quickly for the opportunity to own a home.
Many home shoppers cite emotional reasons for purchasing versus renting, like having control over their living space, expanding the amount of room they have for a growing family, moving to a great family neighborhood, and so forth.

Irvine home owners know why this is such a great place to call home. With a variety of area conveniences and amenities, it’s the perfect place to raise a family! We are local real estate agents who would love to help you find the home of your dreams. Please contact us if we can show you around!

Join The Conversation

This site uses Akismet to reduce spam. Learn how your comment data is processed.