Sunday, August 22, 2010

Home Ownership

A new study from real estate data provider Trulia found that one out of four renters do not plan on buying a home — ever. Of those renters who do see a home purchase in their future, 68 percent said it would be more than two years before they make that investment.

Those that still harbor homeownership as part of their American Dream expressed a preference for smaller homes, with only 9 percent saying their ideal home size is more than 3,200 square feet– the same ratio that said they’d like their home to be between 800 and 1,400 square feet. Fifty-five percent of Americans would prefer a home between 1,401 and 2,600 square feet.