Over 18% referred to the new eight-thousand dollar tax credit as a major motivational factor in their decision to buy. Prospective buyers with higher income levels showed more interest than those possessing lower levels of income. Nearly 44% of potential first-time buyers surveyed who make more than fifty thousand dollars plan on using the credit.
The survey shows that nearly half of all Americans are currently giving close attention to home values than were in 2008. The most common age group paying close attention is those between the ages of 25-34. Median age for today's first-time buyer is thirty years old.
The American public is changing their attitude regarding home ownership. The survey found the nearly 63% currently look to their home first and foremost as a place live, as opposed to an investment. Homeowners who earn less than $50,000 per year are more likely than those who earn more to possess this viewpoint.
Topping the list of most-desired amenities is more space. Other less important features include energy-saving features, a large yard, good location, and updated amenities throughout.
Eighteen percent of those surveyed said they intend to take full advantage of the Obama administrations new plans to prevent home foreclosures.
Additional data includes:
Nearly 11% already have received foreclosure assistance, with five percent waiting for answers.
Twenty-seven percent know of someone who is in danger of foreclosure.
Nearly 26% know someone who is upside-down in their mortgage due to falling home values.
Twenty-one percent of homeowners surveyed that hold a mortgage have already contacted a lending institution regarding the modification of their loans.
|
