Homeownership Has Its Benefits

Homeownership Has Its Benefits - Why do Californians want to own a home?  According to this California Association of Realtors June 2019 poll, these are some of the reasons, below:

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Francis

Home Valuation tool

Detailed, local trends etc...

Current mortgage rates   - low, with some volatility.

Fewer first-time buyers...

The share of first-time home buyers declined for the 3rd consecutive year and remained at its lowest point in nearly three decades, according to the NAR (National Association of Realtors^®). 
The overall strong pace of home sales in 2015 was driven more by repeat buyers with dual incomes, according to NAR's annual survey.

In the past 5 years, this is the share of new buyers among all the buyers of real estate:

To continue on with this survey, this is how buyers responded overall to the question: Why buy now?

"Homes affordable" was not popular...  ;-)
It is refreshing to see "Right time" come up so much in the results - isn't it the best reason to buy?

Thanks for reading!
Francis

Silicon Valley real estate

Trends: Local prices and graphs.
A worthy local non-profit to remember: Community Services Agency in Mountain View