Changes to the market have gotten people talking about real estate. Some say that prices are dropping because of less investors buying residential property. Others say that just means it's a great time to buy, and with more than 10,000 houses sold every day in the US, it's easy to see why.
In a recent survey, it was shown that more than 60% of Americans felt that NOW is a good time to buy. Who else is optimistic about the real estate market? Well, a majority of current renters have owning a home as a determined goal and they feel it is realistic.
A survey recently showed that of a large random sample of millennials, 74% see themselves moving in the next 5 years and the same number feel that owning a home is an important part of the American dream. A very important statistic is the 73% that felt owning a home was an excellent investment. This is not just unbridled optimism or ignorance. In fact, homes have accounted for nearly a quarter of all wealth in America since 1958.
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