http://www.ktvb.com/news/local/Mans-body-found-in-canal-132277133.html
Fun Real Estate Findings
Everyone knows the state of the housing market these past few years and with so much doom and gloom, Trulia conducts a biannual survey to gauge if the American Dream (home ownership) is alive and well. Their latest survey showed some interesting stats and findings. This survey was done second quarter of this year. The survey sample was 2000 people over age 18, some were renters, and some were home owners.
The survey tells us that 70% of those surveyed still consider home ownership part of their personal American dream. Findings showed that in spite of the crummy housing market and economy, 3 out of 4 homeowners surveyed, said that they consider their home the best investment they ever made. Conversely, 20% of homeowners felt “trapped” in their underwater homes and 14% said they would walk away from their homes in a heartbeat if they could.
In the demographic of 18-34 year olds, 88% of those renting, aspire to own a home. This stat is important in that the younger potential buyers have such a positive point of view and this group could really influence our future real estate and housing markets growth in the coming years. These potential buyers could stabilize the housing market.
The survey also found that real estate buying is more affordable than ever. With interest rates at their lowest points since the ’50s, home ownership is more affordable than ever before long-term. Once the market becomes stabilized, long-term ownership will pay off big for those buyers who can meet purchase requirements and have 20% down payment. These interest rates also allow homeowners with good credit a great opportunity to refinance and make their home investment even more attractive. The strongest glimmers of recovery come from the South, West, 79%, and 70% of renters in these respective regions plan on taking the real estate plunge and buy a home.
Future buyers are watching, that’s for sure. Trulia says that site traffic is up 70% in year-over year growth, and that there are 100,000 property views per minute! While the market recovers, lots of optimists are out there waiting to buy the home of their American Dream.
Luckily, finding information from a reputable source about property management boise id ends here!