«Our survey indicates that Gen Y clearly understands the long - term
value of homeownership from a financial standpoint,» says Young.
Not exact matches
«Eliminating or nullifying the tax incentives for
homeownership puts home
values and middle - class homeowners at risk, and
from a cursory examination, this legislation appears to do just that,» William E. Brown, president
of the National Association
of Realtors (NAR), said in a statement.
Average home
value for owner occupied primary residence, 2000: $ 227,200
Homeownership rate, 2000: 55.4 % Average household income, 1999: $ 47,067 Population, 2004 estimate: 2,931,714 %
of people living in same home for 5 + years, 2000: 45.1 % Average commute time
from home to work (minutes), 2000: 25.3
Some additional information that report buyers can expect to see includes: ongoing
homeownership costs that includes monthly and annual cost estimates for owning that home, as well as closing cost estimates, an historical depiction
of crime in the area, as well as an analysis
of «
value factors,» an approximation
of neighbourhood features that add or detract
from a home's
value.
Others point to affordability issues
of rising rates and home
values combined with low wage growth and student debt load as a cause for a shift away
from homeownership.
«Even in a down housing market,
homeownership remains a core American
value, with the vast majority
of citizens who do not currently own a home saying they want to buy a home,» said Bob Nielsen, president
of the National Association
of Home Builders and a home builder
from Reno, Nev. «Those running for office in November need to understand that voters will not look kindly on any candidates who seek to dismantle the nation's long - term commitment to
homeownership.»
«New tax law expected to slow rise
of home
values, creating winners and losers,» reads a headline in the Chicago Tribune over a story
from the Washington Post heralding the end
of a tax code that subsidizes
homeownership.