Rural Urban or Suburban Who Wants to Buy More

first_imgRural, Urban or Suburban: Who Wants to Buy More? May 25, 2017 619 Views in Daily Dose, Data, Headlines, Market Studies HOUSING mortgage rural homebuyers suburban homebuyers urban homebuyers valueinsured 2017-05-25 Aly J. Yalecenter_img Despite talk of the rural-urban divide, Americans seem to share the same sentiments about homeownership regardless of their location. According to new data released by ValueInsured on Thursday, nearly the same amount of residents in rural, suburban, and urban areas said that buying a home is more financially beneficial than renting, and around the same amount said homeownership is an important part of their American Dream.According to ValueInsured, 78 percent of Americans living in rural areas believe buying a home is more beneficial than renting. Suburban and urban residents came in at 79 percent and 83 percent, respectively. Seventy-six percent of rural and suburban Americans also said owning a home was a part of their American Dream, while 80 percent of urban residents shared the sentiment.As for desire and intent to buy, 81 percent of urban non-homeowners said they would like to purchase a home, and 74 percent said they would do so right now if they could afford it. Suburban residents had largely the same response, with 80 percent saying they want to buy and 77 percent saying they would do so now if it were affordable. Rural non-homeowners came in at 97 percent and 81 percent on the same sentiments, respectively.The three groups only diverge on homeownership topics when it comes to length of stay. While 71 percent of suburban and rural Americans plan to stay in the next home they buy for seven years or more, only 35 percent of urban homebuyers say the same. According to ValueInsured, this “transient nature” is likely due to the younger average age of urban residents, compared to those in more suburban and rural areas.According to ValueInsured’s report, “Not surprisingly, the more transient nature of urban homeownership is correlated with the younger average age of our urban respondents, at 38.4 years old, compared to our average rural respondent, who is 47.6 years old. This also correlates with twice as many urban respondents who describe the next home they plan to buy as a ‘starter home.’”Jobs may also play a role in the urban buyer’s less-than-long-term plans.“Urban homebuyers’ plan to move more frequently is also likely related to their shorter job tenure and more mobile job locations,” ValueInsured reported. “Seventy percent of urban homebuyers say the possibility of a job change or job loss makes them worry about the risk of buying a home, while only 30 percent of rural and 42 percent of suburban respondents say the same.”According to ValueInsured, urban buyers are also more likely to rely on their family members financially to purchase a home than rural and suburban ones are.View ValueInsured’s full analysis at ValueInsured.com. Sharelast_img read more

Related Bargains of the week Montpellier Milan

first_img RelatedBargains of the week – Montpellier | Milan | SalzburgDoes it already feel like the bank holiday weekends were a lifetime away?Bargains of the week: Palma | Pisa | RigaBargains of the week: Palma | Pisa | RigaBargains of the week: Valencia | Trieste | MaltaBargains of the week: Valencia | Trieste | Malta This week’s trio of bargains start at the rather tempting price of only £23 return! Valencia from £23Spain’s super-cool south-eastern city made the Lonely Planet top ten cities to visit in 2011. March sees the Las Fallas festival take place in the city, with explosions of gunpowder filling the air every day until 19 March as the city celebrates its patron saint, Saint Joseph. Find flights to ValenciaMontpellier from £63The South of France will soon be beginning to show signs of spring, and the delightful city of Montpellier is the ideal place to sample this changing of the seasons. Montpellier is home to the Jardin des plantes, France’s largest botanical gardens, while the city is also famous for its uneven hilly streets perched among the two peaks of the city, Montpellier and Montpelliéret. Find flights to Montpellier Malta from £47This beautiful Mediterranean island offers plenty to visitors on a pre-Spring break, including the Carnival which runs until 8 March, celebrating colourful Maltese culture and tradition. The island has dozens of picturesque beaches and harbour’s to explore, and fans of seafood will be in for a treat as Malta is famed for its delicious dishes including Aljotta (fish soup) and Braġjoli tat-tonn (fresh tuna roll-ups). Find flights to MaltaReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Maplast_img read more