Living The American “Dream Home�
The Century 21 First-Time Homebuyer Index revealed that for many, the American “Dream Home” is a new, suburban single-family home located in the southern United States. Other key findings in the study included:
(1) Location preference: 46% suburban; 39% rural, and 15% urban
(2) Construction: 78% prefer newly constructed homes
(3) Geography: 27% prefer the Southwest; 23% the Southwest, 19% the Northeast, 17% the Midwest, and 14% the Northwest.
(4) The top reasons for buying a first home include: 35%– Need more room/space; 24%–Desire to build equity; 12%–Marriage; 10%–Need for privacy; and 4% job relocation
(5) Housing Costs and Financing: 78% expected to pay less than $250,000 for their first home. The average home price among respondents was $215,000.
For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.
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