Last week, the inaugural “Homebuyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership.
Consumer Lending Executive, D. Steve Boland, explained:
“Homebuyers today are motivated by both emotional and practical reasons. Nearly all want more space, but a majority of homebuyers, especially those purchasing their first home, are also looking for a place to call their own, put down roots and make memories. They value the emotional benefits of owning a home as much as the financial ones.”
Boland went on to say:
“The path to homeownership is a journey and can be as overwhelming as it is exciting. For many people, this is the single most significant financial transaction they will ever make.”
This was evidenced in the report when they asked today’s homebuyers to define homeownership. Their answers tell the whole story.
Homeownership has always been a part of the American Dream and survey after survey confirms this will always be the case.
Author:Josh Zehnder Phone: 937-219-4870 Dated: May 2nd 2016 Views: 759 About Josh: My commitment is to the Greater Dayton & Cincinnati areas. I have over 15 years of experience in the...
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About Berkshire Hathaway HomeServices Professional Realty
The Zehnder Group provides exceptional, experienced and trusted real estate support to local families in the Miami Valley. We are backed by the Berkshire Hathaway HomeServices brand. Whether buying a new home or selling your existing one, our quality expert staff is prepared to help you accomplish your real estate goals. Total customer satisfaction is our mission. The Zehnder Group, Experience Real Estate Excellence.
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