Main reason for buying a home U.S. 2022

The primary reasons for purchasing a home in the United States in 2022 varied among home buyers. Approximately one in five homebuyers bought a home because they desired to have their own home. Having one's own home was mainly considered by millennial buyers during their home buying process.

Main reasons for buying a home in the United States in 2022

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Release date

March 2023

More information

Region

United States

Survey time period

July 2022

Number of respondents

4,854 respondents

Special properties

Primary residence buyers; real estate purchased between July 2020 and June 2021

Supplementary notes

The source adds the following information: "In July 2022, NAR mailed out a 129-question survey using a random sample weighted to be representative of sales on a geographic basis to 153,04 recent home buyers. The recent home buyers had to have purchased a primary residence home between July of 2021 and June of 2022. A total of 4,854 responses were received from primary residence buyers. After accounting for undeliverable questionnaires, the survey had an adjusted response rate of 4.5 percent. "

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