U. S. NEWS: Nearly seven in 10 Americans between the ages of 18 and 29 don’t currently own a home, but plan to make the big purchase within the next 10 years, according to Gallup. Less than 10 percent of respondents in that age group said they have no plans to buy a home in the future.
Among older generations, the vast majority plan to stay put as homeowners with 58 percent of current homeowners between the ages of 30 and 49, 71 percent of Americans 50 to 64, and 69 percent of those older than 65 saying they plan to continuing owning a home for the foreseeable future.
Thanks to rampant foreclosures in markets across the country, homeownership fell from close to 70 percent of all Americans in 2004 to about 61 percent today. Still, more than 80 percent of Americans overall say they’ll continue being homeowners or plan to purchase a home in the next 10 years… (more)
