Among respondents to Trulia’s biannual American Dream survey, 57 percent said owning a home is the best long-term investment they could make, placing it ahead of their 401K and other retirement accounts. The survey, which polled 2,207 adults over the age of 18 on their attitudes toward homeownership, found 70 percent said owning a home is part of the American dream and 80 percent said they plan to buy a home in the future, including 69 percent of participants age 55 or older. Jed Kolko, Trulia’s chief economist, said there is strong intent to buy a home among renters and homeowners despite the slow economic recovery. Potential buyers have shifted their preferences, however. Respondents said they prefer access to shopping, restaurants, and work over the larger, suburban homes popular during the housing boom. More here.
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