How Homeowners Spend
How would you spend $6,500?
Coldwell Banker announced results today from a survey on how homeowners would spend a $6,500 tax credit. Of the 1,000+ surveyed:
- 34% would pay off debts
- 29% would make home improvements
- 28% would save or invest it
- 6% would spend it on luxury items, like a shopping spree or vacation.
That’s 83%, or roughly 8 in 10, that would spend their money on “smart spending.”
“Our survey offers positive indicators that there are more existing homeowners considering a home purchase today than there were six months ago, and the majority of respondents say they would engage in ‘smart spending’ that would directly benefit the U.S. economy,” says Jim Gillespie, Coldwell Banker President and CEO.
Says housing market blogger Paul Owers of the Sun Sentinel:
“My two cents: Way more than 6 percent will end up splurging. Smart spending sounds good now, but most people won’t be able to help themselves once they get the money in hand.
“But what about you? What would you do with the $6,500?”
Tags: 6500 tax credit, Coldwell Banker, homeworners, smart spending
This entry was posted on Wednesday, December 16th, 2009 at 12:37 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
