Tuesday, February 1, 2011

Homeownership Still Smart Financial Decision

According to a recent study conducted by Harris Interactive for the National Association of Realtors (NAR) homeownership still ranks high among the list of smart financial decisions.

Ninety-five percent of owners and 72 percent of renters believe that it makes more sense to own a home than not. Seventy-seven percent of homeowners believe that homeownership will help them meet their long-term financial goals.

Also, renters rank their quality of life lower than homeowners. Just 33 percent of renters report that they are "very" or "extremely" satisfied with their family life while more than half of home owners do so.

The majority of homeowners also agree that owning a home means a stable atmosphere for raising a family.

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