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Main reasons for buying a home U.S. 2020

Published by Statista Research Department, Apr 22, 2021
This statistic shows the main reasons why Americans bought a home in the United States in 2020. According to the survey, 27 percent of respondents wanted to own a home of their own, while ten percent wanted a bigger home.

Main reasons for purchasing a home in the United States in 2020

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Sources

Release date

March 2021

Region

United States

Survey time period

July 2020

Number of respondents

8,212 respondents

Age group

18 years and older

Special properties

recent home buyers.

Supplementary notes

The source adds the following information: "In July 2020, NAR mailed out a 131-question survey using a random sample weighted to be representative of sales on a geographic basis to 132,550 recent home buyers. The recent home buyers had to have purchased a primary residence home between July of 2019 and June of 2020. A total of 8,212 responses were received from primary residence buyers. After accounting for undeliverable questionnaires, the survey had an adjusted response rate of 6.2 percent. "

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