Industry News

Real estate prices influence career choice

Some public-service workers struggle with home ownership
Published on Sep 1, 2004

Housing affordability is a major career issue for police officers, firefighters, teachers and nurses, according to a Bank of America survey. About 60 percent of respondents in these occupations said that their ability to own a home, based on their salary, influences their decision about whether to continue to work within their profession and within their community. The survey included 2,000 interviews conducted with a sample of 1,000 homeowners and 1,000 non-homeowners who are police officers, firefighters, teachers (kindergarten through 12th grade, in public and private schools), and nurses (licensed, registered and practical who work in hospitals and doctors' offices). Each sample of 1,000 utilized 250 respondents from each field and used equal numbers of respondents from each of 10 major city areas. A total of 100 interviews were conducted within each of 10 of the largest metro areas, broken out evenly for each audience. For each sample of 1,000, the margin of error is plus or mi...

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