32 Percent of Americans May Want to Buy a Home in the Next 2 Years

Published: May 2, 2014

401(K) 2013 / Foter / Creative Commons Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)

A PulteGroup (PHM) Home Group survey found that 67 percent of the total of 1,004 respondents intend to buy a home. Close to a third of them (32 percent) said they are planing to do it in the next two years.

The survey made some interesting findings on how Americans feel about the economy. 74 of respondents “feel the economy has remained steady or improved in the last year” while a good 57 percent “think now is a good or excellent time to purchase items they want or need, especially when it comes to entering the housing market.”

Currently, the demographic most commited to buying a home is millennials, 85 percent of whom plan to buy a home in the future.

The survey identified two main factors behind people’s decision to buy a new home: “the need for more space and the view that owning a home is a smart financial investment.”

Read the full article in Housing Wire.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.