The housing crisis has made Generation X and Y more knowledge about homeownership according to a Better Homes and Gardens Real Estate, the online survey of 1,001 members during the Summer. 69% were ready to buy but unsure if they can maintain their lifestyle and the responsibility of homeownership while 61% have landed a secure job to start their path to homeownership.
The future soon-to-be-buyers have stated that the tops three research before buying a home was home prices in prime neighborhood, interest rates and the securing a loan. I would say these are great areas to focus on.
62% said that adjusting their lifestyle to save a home, 40% would work a second job or 23% would move back home with their parents.
Sounds like the ups and downs of the housing crisis has influenced the Gen x and Gen Y about the risks and rewards of home-buying.
For more tips, go to www.BetancourtRealEstateGroup.com
Source: InnmanNews.com
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