Rising home prices delay purchase for returning vetsDecember 3, 2013 @ 7:59 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.
Live: Seahawks Chat
Join 710 ESPN Seattle for a live chat during the Seahawks-Cardinals game
Week in Photos
Cheetahs, penguins and Santa make it in this week's photos
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.