NAR Survey Reports Americans Choose Smart Growth Neighborhood When Shopping for a Home – NMP Skip to main content

NAR Survey Reports Americans Choose Smart Growth Neighborhood When Shopping for a Home

NationalMortgageProfessional.com
Apr 05, 2011

Americans favor walkable, mixed-use neighborhoods, with 56 percent of respondents preferring smart growth neighborhoods over neighborhoods that require more driving between home, work and recreation, according to the "Community Preference Survey" conducted by the National Association of Realtors (NAR). The survey of 2,071 adult Americans was conducted by Belden, Russonello and Stewart from Feb. 15-24, 2011. “Realtors care about improving communities through smart growth initiatives,” said NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I. “Our members don’t just sell homes, they sell neighborhoods. Realtors understand that different homebuyers are looking for all kinds of neighborhood settings and that many hom buyers want walkable, transit-accessible communities.” The "Community Preference Survey" found that walkable communities are defined as neighborhoods where shops, restaurants and local businesses are within walking distance from homes. According to the survey, when considering a home purchase, 77 percent of respondents said they would look for neighborhoods with abundant sidewalks and other pedestrian-friendly features, and 50 percent would like to see improvements to existing public transportation, rather than initiatives to build new roads and developments. The survey also revealed that while space is important to homebuyers, many are willing to sacrifice square footage for less driving. Eighty percent of those surveyed would prefer to live in a single-family, detached home as long as it didn’t require a longer commute, but nearly three out of five of those surveyed—59 percent—would choose a smaller home if it meant a commute time of 20 minutes or less. The survey also found that community characteristics are very important to most people. When considering a home purchase, 88 percent of respondents placed more value on the quality of the neighborhood than the size of the home, and 77 percent of those surveyed want communities with high-quality schools.
Published
Apr 05, 2011
Homeward Lays Off 20% Of Staff

Alternative real estate financing company cut about 120 jobs.

Industry News
Aug 12, 2022
Lone Peak Lending Joins Panorama Mortgage Group

Names Donovan Stamps as president.

Industry News
Aug 11, 2022
Fairway Independent Mortgage Hires Former PrimeLending President

Firm says Scott Bristol is part of aggressive originator expansion.

Career
Aug 11, 2022
Mortgage Rates Jump Back Above 5%

Freddie Mac says rates recent volatility continues.

Industry News
Aug 11, 2022
Redfin: Share Of Relocating Buyers At All-Time High In July

People are looking for less expensive and better lifestyles.

Industry News
Aug 11, 2022
Redfin Expands iBuying Business To Florida

RedfinNow, which makes cash offers for homes, now operates in 34 markets in 16 states and the District of Columbia.

Tech
Aug 11, 2022