The latest national survey about what homeowners want in a home is out from NAR and amongst the many takeaways the most obvious trend is a strong preference for living in a single-family house. While the preference for living in a condo or apartment did almost double from the prior survey (8% in 2011) it is still only 14% of respondents who cited this as a preference. Related to this trend is the statistic that four out of ten people who currently live in a city said they would prefer to live in the suburbs or rural area.
Other fascinating facts include: the importance of privacy from neighbors and places to take walks edges out the preference for high quality public schools; about half of respondents said they were willing to pay more in taxes to improve public transportation; and most people (particularly women) want a large yard. Here is the link to the full PDF of the report with plenty of easy-to-read graphics and charts. Click through for a solid recap on what today’s homeowners want in terms of location, house style, local amenities, parking and transportation, and just about any other topic that relates to where we live.
Pie chart from National Association of Realtors.