Industry NewsMarkets & Economy

Homeownership losing its appeal?

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

The share of adults who think buying a home is a good financial decision has fallen for the third consecutive year, according to a yearly survey of the 25 most populated metropolitan statistical areas. American Strategies and Myers Research & Strategic Services LLC conducted the 2010 Housing Opportunity Pulse Survey on behalf of the National Association of Realtors, interviewing 1,209 adults by telephone Sept. 12-17, 2010. A quarter were renters and 70 percent were homeowners. Overall, 77 percent of respondents said they thought buying a home was a good financial decision in general; 16 percent said it was not a good decision; and 6 percent said they didn't know. The percentage of Pulse survey respondents who stated that buying a home was a good financial decision has been falling since the first time the question was asked in 2007, when it was 87 percent. This year's survey has seen the steepest yearly drop, from 83 percent last year.Job insecurity may play a role, the associati...