Survey: 41% of Young Americans Interested in Buying a Home

Julie C. Nichols General

M Report – Tory Barringer

A new poll commissioned by Mortgage Marvel shows younger Americans are as interested as ever in buying a home this year—but whether or not their finances can take it is another matter. According to an online survey conducted by Harris Interactive, 41 percent of Americans aged 18-34 display an interest in buying a home (46 percent of men and 36 percent of women in that age group). Of that group, 17 percent of men and 6 percent of women see their finances as “shaky” but still think they can afford to buy a home soon. Across all age groups, 30 percent of respondents said they are interested in buying a home during the next year. Of that group, men were more than twice as likely to risk buying with shaky finances; 10 percent of men and 4 percent of women said they still think they can get a home in the next year, even with an uncertain financial situation. Overall, only 5 percent of people who have or had plans to buy a home this year said they can’t afford it after reviewing their taxes and finances.

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