Posted on Monday, April 19, 2010
More singles are buying homes in suburbia, reports Coldwell Banker, which conducted a nationwide survey of single home owners on the factors that motivated them to buy.
Here are some figures that reflect the reasoning behind their choices:
52 percent chose the suburbs over urban or rural areas.
53 percent of single home owners said they purchased a home because it was a better deal than renting.
68 percent chose a home priced lower than they could afford.
Of the 13 percent who own their home jointly with another person, 49 percent made the purchase with their parents.
55 percent have less than a 30-minute commute to work.
40 percent live within 30 minutes of their parents or extended family.
27 percent of women thought the number of bedrooms were important, while only 18 percent of men felt the same way.
38 percent of men would consider buying a foreclosure, while only 29 percent of women would consider one.