New year's home-related resolutions
Do you have a 2010 plan to buy a home or improve the one you have? A survey released this week by Move.com, part of a family of real estate sites that includes Realtor.com, suggests that many do.
The survey says almost 18 percent of Americans "want to take the plunge and finally become first-time home buyers." Sixteen percent told pollsters that their priority resolution for next year is buying an investment property. And more than one in three said their top resolution is home improvement.
I'm in the home-improvement-resolution group. What about you?
I felt my eyebrows raise at the thought that 18 percent of Americans want to buy next year for the first time. That's more than half of all adults who don't currently own a home, let alone those who have never owned one. As of last summer, the homeownership rate was just under 68 percent.
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Comments
I am in the home-improvement group, too! It's just hard to find local services at the right price.
Posted by: Elise Walker | December 6, 2009 10:28 AM
I'm in the first-time home buyer group, but only because we have a baby now and we're fed up with apartments.
Sadly, I don't think those 18% really _should_ buy next year. Most likely this is a result of the tax credit, which will end up in another wave or foreclosures and price drops when those folks will realize the true price of owning a home.
One of the rare cases when I hope I'm wrong...
Posted by: Jelena | December 8, 2009 1:58 PM