Realtors Support Those Who Want to Own a Home: What Homebuyers Need to Make the Decision to Invest
Homeownership has long been a financial objective for many people. With so much uncertainty in the economy and the world in general, it’s critical for potential buyers to have authentic insight to help them decide whether to buy now or wait a bit.
Statistics on Homeownership
Data released by the National Association of Realtors (NAR) indicate that homeownership remains a desirable goal for many people. Approximately 29% of all homebuyers are Millennials, those between the ages of 26 and 34, while Gen Xers, those aged 45 to 59, comprise about 24% of buyers. Those between the ages of 60 and 69 made up 26% of buyers. Overall, the homeownership rate in the U.S. stood at approximately 65.1% as of the first quarter of 2025.
When it comes to making a purchase, potential homebuyers seek affordable loans. About 74% of all homebuyers finance their home purchase, with younger borrowers relying on their savings to meet down payment requirements. In recent years, high rental rates in many areas have delayed the possibility of buying a home for younger borrowers, according to NAR data.
Numerous Loan Options and Tools Make It Possible to Buy a Home
Information is the key to making an informed decision about buying a home. Many people wonder if they earn enough to afford a home. Others struggle with knowing how much of a home fits their budget. There are also questions about the accessibility of loans.
Real estate agents are the backbone of educating future homebuyers. They offer insight into home buying trends, home values, and negotiation strategies. Yet, they are also a solid resource for choosing a lender.
The Value of Homeownership to Today’s Generation
Homeownership offers a range of benefits for individuals at all stages of life. It offers far more than just the ability to decide what color to paint the walls. Some of the core benefits include:
- Equity-building power: Each payment reduces a portion of the borrowed funds, creating equity. Owners can tap into that equity to secure low-interest loans.
- Potential value appreciation: Typically, home values increase over time, creating wealth for borrowers as that occurs. This can lead to financial gains if the buyer decides to sell later.
- Stability: Owning your home provides stability. With a fixed-rate mortgage, your monthly payment does not change for years, making knowing you can afford your home possible.
Connect with Homebuyers: Finding Lending Opportunities
For lenders and buyers alike, having an affordable lender to turn to for mortgage support is critically important. Speak to Southern Trust Mortgage now to learn more about how we have helped thousands of families buy with confidence.
