A survey conducted by the National Association of Realtors® of 6,000 homeowners and 2,000 renters revealed several important answers:

• Pride in owning: Most people buy homes to have control over where they live.
• Dislike paying rent: Almost equal portions of owners and renters – close to 7 in 10 – said a dislike of paying rent was an important reason to buy.
• Make home a reflection of you: Owners ability to control and modify a home’s features.
• Settling down: 6 in 10 renters said “settling down” was an important reason to buy.
• Good investment: Owners and renters said the investment aspect of ownership was important.
• Long-Term appreciation. People consider home ownership a good investment because they view it as a long-term venture.
• Leverage investment: People borrow a great deal to buy a home, yet they receive the full benefits of price appreciation.
• Source of savings: Home ownership always has and continues to comprise the single largest source of savings for American households.
• Sacrifices are worth it: Almost 7 in 10 renters in the NAR home ownership survey said they planned to buy a home in the future.

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