Posted: 01 Apr 2009 11:42 AM PDT
Nearly one quarter of those surveyed plan to purchase a home in the next five years. Twenty-three percent said they plan to purchase a home in the next five years, 12.8 percent say they plan to buy a home in the next two years and 11 percent plan to purchase a home in two to five years.
Those are just some of the findings of a new survey commissioned by Move Inc., an online real estate resource and operator of Realtor.com.
Despite the economic downturn, 18.1 percent said they plan to buy a home this year to take advantage of the $8,000 tax credit recently passed by Congress.
“It’s not all doom and gloom. We found Americans are optimistic about homeownership despite concerns,” Move, Inc., CEO Steve Berkowitz said in a news release.
More than half of those planning to buy this year are first-time homebuyers, compared with 41 percent in 2008.
Americans also are changing their views of home ownership. The survey found about two-thirds (62.5 percent) considers their home primarily a place to live, as opposed to an investment.
The results of the survey are based on 1,005 interviews conducted March 6-8.
source: Washington Business Journal
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