Many Americans are looking for a new home on a regular basis as the housing market still has not recovered to pre-2007 levels and prices are still lower than expected since the boom in the economy in the last several years. Americans may have many reasons to look for a house, some personal and some financial.
There is a certain excitement to buying a new house. A new house has many perks over an apartment and a new house (from someone that still has a house) has possibly more space and room than the old house. A new house, for someone who has been living in an apartment, has many good qualities.
For instance, that apartment renter may never have owned a home before. They may appreciate the opportunity to build equity through the house, as the house is an investment that is supposed to appreciate over time. Continue Reading