Have You Outgrown Your Starter Home? For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride
The survey was conducted using the Amazon Mechanical Turk platform to survey 2,000 Americans from all parts of the country across as many different age groups as we could find to try and learn more about their views on homeownership and what their ideal dream home would look like and how much they’d pay for it. The survey included multiple choice and open-ended questions. The main qualifying questions for surveyed respondents was that they either owned a home currently or were looking to purchase a home within the next five years.
For the average listing price data we asked the surveyed respondents what they would be willing to spend and were given the following ranges to choose from (Less than $100,000; $100,000-$150,000; $150,000 – $250,000; $250,000 – $450,000; $500,000 – $1 million; $1 million – $5 million; $5 million – $15 million; $15 million – $30 million; More than $30 million) and then within those ranges were asked to give a specific price as a separate response. From there we took the average of those responses to generate the average price.
The views and opinions of authors expressed in this publication do not necessarily state or reflect those of WFG National Title, its affiliated companies, or their respective management or personnel.