Beyond the Headlines- What’s Happening in Real Estate Pt 42
The Dawn Thomas Team is constantly trying to keep our clients and the
inquiring public up to date on the goings-on of the Real Estate Market. These
days there is so much information coming out daily that it’s hard to keep it all
straight and not miss important articles. We’ve recently written about sellers, buyers, taxes and loans-all
of these things are important factors in the Real Estate Market-a very integral
arm of our current economic climate. So today we give you two articles–and a bit
of advice– that we think are important for you, our clients and the public, to
know. Read on!
EIGHT IN 10 AMERICANS SAY OWNING IS A GOOD FINANCIAL DECISION
Source: DSNews.com
The pursuit of homeownership remains highly desirable to consumers, and a new survey indicates there has been an increase in renters who are interested in becoming owners. Overall, more positive views of the housing market are apparent in the results of the 2013 National Housing Pulse Survey from the National Association of REALTORS® (NAR). In fact, 80 percent of respondents said they believe buying a home is a good financial decision, which is an increase of eight points from 2011. On top of improving attitudes toward the housing market, the survey also reveals that fewer Americans are concerned when it comes to job security.
Making sense of the story
THE RISE OF THE MOOCHING MILLENNIAL
Source: CNN Money
While joblessness or underemployment in this economy has kept many millennials from the path of homeownership, fewer of these Americans are renting as well, which suggests the recovery in household formation is a component of the housing market that will lag other improvements. There are 2.4 million missing households in America, according to Trulia.
Read the full story
EIGHT IN 10 AMERICANS SAY OWNING IS A GOOD FINANCIAL DECISION
Source: DSNews.com
The pursuit of homeownership remains highly desirable to consumers, and a new survey indicates there has been an increase in renters who are interested in becoming owners. Overall, more positive views of the housing market are apparent in the results of the 2013 National Housing Pulse Survey from the National Association of REALTORS® (NAR). In fact, 80 percent of respondents said they believe buying a home is a good financial decision, which is an increase of eight points from 2011. On top of improving attitudes toward the housing market, the survey also reveals that fewer Americans are concerned when it comes to job security.
Making sense of the story
- Thirty-six percent of renters said they are thinking about buying, up from 25 percent in 2011, while 51 percent of renters said that owning in the future is one of their highest personal priorities. Overall, 79 percent of renters said owning is a priority in general.
- The percentage of those who say they prefer to rent over buying dropped six points since 2011 to 25 percent.
- Thirty-eight percent of survey respondents believe activity in their local market has increased in the past year, up sharply from 11 percent in 2011. Another 49 percent believe prices in their neighborhood are more expensive than they were a year ago.
- The survey shows Americans have some lingering concerns, as nearly two-thirds (64 percent) of respondents worry about the high prices for homes and rent, which represents little change from 62 percent in 2011. Also, 69 percent said they are concerned about people in their area falling behind on their mortgages.
- Fifty-eight percent said they are very or somewhat concerned about the drop in overall home values, though the concern has decreased from 70 percent in 2011.
THE RISE OF THE MOOCHING MILLENNIAL
Source: CNN Money
While joblessness or underemployment in this economy has kept many millennials from the path of homeownership, fewer of these Americans are renting as well, which suggests the recovery in household formation is a component of the housing market that will lag other improvements. There are 2.4 million missing households in America, according to Trulia.
Read the full story
This blog is courtesy of The Dawn Thomas Team who is an
award-winning Real Estate Agent team at Intero Real Estate Services in Los Altos
650-701-7822. We help nice people with selling and buying homes in the greater
Silicon Valley and Beyond!
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