April 26, 2024 8:09 pm
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Survey: 52% of Americans likely to buy a home in next five years

buying a homeBy Trey Garrison | HousingWire

Just over half of Americans — 52% — say they are likely to buy a home in the next five years, according to the 2015 BMO Harris Bank Homebuyers Report.

In addition, Americans surveyed are willing to pay an average of $296,000 for a home and will average a 21% down payment.

“Getting preapproved helps buyers understand their budget as they start their home search. That means estimating monthly mortgage payments and how much you can borrow,” said Alex Dousmanis-Curtis, Group Head, U.S. Retail and Business Banking, BMO Harris Bank.

The report, conducted by Pollara, also found that:

Continued:

 

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