Optimism Reigns Amid Affordability Challenges

The shortage of entry-level homes on the market, slow income growth and an uncertain political outlook: Any one of these things could turn people off from homeownership. But the American dream of buying a home remains alive and well, and may be growing, according to a new survey from NerdWallet conducted online by The Harris Poll.

More than 4 in 5 (84%) Americans say buying a home is a priority to them, whether now or in the future, according to the survey of 2,007 U.S. adults. This figure has climbed from 75% when we first asked in NerdWallet’s 2018 Home Buyer Report.

More than 100 million Americans (44%) feel better about their ability to buy a home this year compared with last, according to the new survey, and an estimated 27 million plan on purchasing in the next 12 months alone.

“There is colossal pent-up demand for homeownership, both among young people who are ready to pair up and start families, and those who see owning a home as the next step in adulthood,” says Holden…

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This article was written by Elizabeth Renter and originally published on www.nerdwallet.com