A few weeks ago we pointed out that Minneapolis made a Top 10 List for downtowns to buy a home in and this week it’s all about the suburbs. The National Association of Realtors (NAR) is constantly conducting surveys and publishing consumer sentiment and preferences. NAR’s latest report found that 85% of current homeowners and 75% of current renters prefer a suburban single-family house versus 15% of homeowners and 21% of renters aiming to buy a residence in an urban area. Anyone who has noticed the number of units being built in our Minneapolis-Saint Paul downtown areas might disagree with this comment from NAR’s chief economist Lawrence Yun: “The American Dream for most consumers is not a cramped, 500-square-foot condo in the middle of the city, but instead a larger home within close proximity to the jobs and entertainment an urban area provides.”
The last thing I want to do is pit urban lifestyle against life in the ‘burbs – to each his or her own. But that’s just it – we at GCS Title and our Realtor and Loan Officer partners are all about helping you own – whatever type of property best suits your personal taste and situation. Homeownership is still the way many Americans build their worth and financial futures, so don’t let trends, general media reports or anyone else besides a qualified professional help you make the huge decision of what – whether – where or when to buy your own home. Of course we navigate you through your closing, but we also work closely with amazing professionals every day and we’re happy to help you find the right real estate and lending professional to get your questions answered! ~Charlie
