Rising home prices delay purchase for returning vets
Dec 3, 2013, 7:59 AM | Updated: Mar 4, 2016, 5:51 am
The Puget Sound is home to several military bases but returning vets say rising home prices are making them wait longer to purchase.
Harris Interactive conducted a recent study for Century 21 Real Estate of more than 400 responses of military members or spouses and found only 33 percent of military families said they look for a home within a year of returning from active duty. The biggest obstacles reported were the price of homes, the inability to come up with a down payment, and lack of personal savings.
Eighty-eight percent of veterans said that owning a home makes them feel safer. Vets also say they have a strong desire for home ownership because they want to own their own residence (73 percent), establish a household (43 percent), and have financial security (36 percent).
Storage space, amount of square footage, outdoor space, and an updated kitchen were cited as the most important amenities.
