Santa Cruz Real Estate - Nearly two-thirds of Americans would still prefer to own a home, The recent housing market turmoil and uncertain economic times have made potential buyers of Santa Cruz properties a little more cautious about how and when they will buy a home, according to a survey released Tuesday.
A nationwide survey conducted by mortgage lender Fannie Mae found 65% of the homeowners and renters believe there is still value in owning a home.
But the survey also suggests that potential home buyers have become more cautious in the years since the housing bubble burst, giving rise to a wave of foreclosures and a severe recession.
"Consumers are still committed to owning a home, but are showing increased cautiousness," said Doug Duncan, chief economist at Fannie Mae.
He said the downturn in the housing market has led to a "rebalancing" of consumer attitudes towards home ownership. Americans are adopting a more realistic approach and are now less willing to take risks, he said.
The survey showed that home buyers are growing more concerned with longer- term priorities, as opposed to the house "flipping" mentality that characterized the market during the boom years.
Over 40% said personal safety was their main consideration when buying a home, while a third indicated that the quality of local schools was the dominant factor.
If you need to know more about Santa Cruz County School Districts or are considering buying one of the many Santa Cruz Homes for sale and are looking for a no pressure Santa Cruz Real Estate Agent, I can help.
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