Palm Beach Real Estate News

Want to experience higher levels of happiness and satisfaction in your life? The answer could lie in real estate.

According to the 2019 Fall Homebuyer Insights Report from Bank of America, the vast majority of homeowners—a whopping 93 percent—are happier owning their home than they were when renting.

And the benefits of owning a home don’t end there. Homeowners also report higher levels of life satisfaction in all areas, including how much time they spend pursuing hobbies (82 percent of current homeowners vs. 63 percent of prospective buyers), the quality of their social life (78 percent of current homeowners vs. 58 percent of prospective buyers), their financial well-being (77 percent of current homeowners vs. 42 percent of prospective buyers), and their life overall (88 percent of current homeowners vs. 70 percent of prospective buyers).

The Takeaway:

So, what does that mean for you? Happiness, fulfillment, and life satisfaction aren’t things you can purchase. But you can purchase a home—and, in many ways, that’s the next best thing.

Posted by Heather Smith on October 22nd, 2019 1:50 PM

One of the reasons many people continue renting is because they believe it’s the easier option. But according to a recent survey, the vast majority of homeowners would disagree.

According to a recent survey from LendingTree, a whopping 67% of homeowners—more than two-thirds—say owning a home is easier than renting. And the best part? It seems as though the longer you own a home, the more likely it is you’ll find it easier than renting (72% of people who have spent seven to nine years in their homes say it’s easier than renting)—and the less likely you’ll ever want to go back to renting (only 7% of people who have owned their home for a decade or more said they wished they could return to renting).

The Takeaway:

If you’re renting a place because you think it’s the easier option, it might be time to look at the data and buy a home of your own—which, as it turns out, may be the easier option after all.

Posted by Heather Smith on September 12th, 2019 12:54 PM

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