Suburban housing trends across America
Posted on Monday, November 26, 2012 at 5:02:02 PM
Suburban communities traditionally appeal to a very distinct group of homeowners. However, new studies show these neighborhoods are growing in popularity with people of all ages and backgrounds as more downtown areas undergo development.
Suburbs typically rank high in safety compared to rural or urban areas, as crime is 40 percent less likely to occur in a suburb than the national average, according to data from OnBoard Informatics. In addition, people living in the suburbs are also 75 percent more likely to own their own homes - higher than the national average of 67 percent.
"Folks are attracted to living in the suburbs because they can entertain friends and family in the yard," said Daniel A. Murphy from Home Loan Investment Bank. "They also find it easier to do errands with less hustle and bustle than the city Suburbs have become a popular living option because there is a higher percentage of homeownership. Moreover, the suburbs are statistically proven to be much safer."
Prior to purchasing a home, buyers need to consider a number of different factors about the area they want to live in. It's important to not only consider immediate needs, but where they seem themselves five and even 10 years down the road.