For many Americans, their "dream home" is a new, suburban, single-family house in the southern part of the country, according to the inaugural Century 21 First-Time Homebuyer Index.Century 21 said 46% of the survey respondents preferred suburban areas as the location of their dream home, 39% preferred rural areas, and 15% preferred urban areas. Respondents favored the Southeast as the geographic locale of such a home, compared with 23% for the Southwest, 19% for the Northeast, 17% for the Midwest, and 14% for the Northwest, the company said. An overwhelming majority, 78%, said the dream home should be newly constructed. The study also found that Hispanic first-time homebuyers are typically four to five years younger than their non-Hispanic counterparts, Century 21 reported. The index was based on a survey of 1,214 U.S. first-time homebuyers conducted for Century 21 by International Communications Research. Century 21 can be found online at http://www.century21.com.

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