Despite problems plaguing the U.S. housing market such as tumbling values, record foreclosures, and tight credit for buyers, 74% of Americans believe home buying is a good investment. And 81% said it’s still part of the American dream according to a new survey from Yahoo! Real Estate. The survey, which polled 1,500 current and aspiring homeowners, plus renters, found that while few (13%) currently live in their dream home a majority (55%) feel it’s attainable.
American optimism about housing as a good investment comes despite years of market turmoil that have had a wide impact on society. One in three Americans knows someone who has experienced a foreclosure, according to the Yahoo! Real Estate study.
Most Wanted Home Features: Energy Efficiency
While having a large room with a view is still desirable, the dream home is no longer a supersized McMansion. Our survey found that a “green,” energy-efficient home built with “sustainable” materials tops the ‘most wanted’ list. No longer in desire for home buyers: gated communities, urban locations, and castle style homes. Those in demand include:
- Green/energy efficient 50%
- Building a custom home 38%
- Water views 38%
- Mountain views 32%
- Suburban home 31%
- Near the beach 27%
- Cottage in the woods 20%