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According to a new survey by Relocation.com, more Americans are positioning themselves to purchase a home in the near future.
The survey found that some families are opting to rent while they research for deals to purchase a more desirable home in their area. There’s no surefire way to determine when these sidelined homebuyers will enter the market, but the survey results were encouraging.
Of the 60 percent of individuals moving into rentals, 24 percent were previous homeowners renting temporarily while they look for a new home to purchase. Underscoring this finding is that for many of these families, foreclosure was not the reason for moving. In fact, the number of consumers who moved due to foreclosure dropped by 70 percent compared to Relocation.com’s February 2010 survey.
“While the housing market continues to flux from month to month, we’re seeing strong, continued interest as consumers looking to move start their research with us,” said Sharon Ashser, chairman and founder of New York-based Relocation.com. “These findings suggest that more Americans may be poised to re-enter the housing market this year.”
While it seems that financial and economic issues still continue to exert an effect on U.S. moving behaviors, the survey found signs that the worst of the recession crisis may be over. In the February 2010 survey, 18 percent of respondents indicated that they moved to a new location with a lower cost of living and/or cheaper rent, but this percentage dropped to 7 percent in June. Furthermore, only 4 percent of the consumers in June moved due to a job loss, a drastic drop from the 13 percent who moved for that reason in February.
When it comes to homeownership, the survey found that 18 percent of movers tracked in the June survey were homeowners who moved and purchased a new home, up from 12 percent in February. And an additional 12 percent were former renters who moved to purchase a home. The June survey also found that 4 percent of movers were able to purchase a home for the first time due to the decline in home prices, and another 10 percent moved to a bigger, better home or a better neighborhood.
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Paul Paul Roesch Auctioneer and Marketing Director Real Estate Agent, AARE, CES, CAGA Certified Distressed Property Expert, CDPE Father Time®Auctions and Real Estate 618-407-8479 cell www.fathertime.com 314-962-4200 office proesch@fathertime.com

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Paul Roesch, St Louis Real Estate Auctions AARE, CDPE (Father Time Auctions, Real Estate and Estate Auctioneers)
Housing-related loan delinquencies improved across the board in the first quarter of 2010, the American Bankers Association (ABA) recently reported. According to ABA’s first quarter Consumer Credit Delinquency Bulletin, home equity…
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Paul Roesch, St Louis Real Estate Auctions AARE, CDPE (Father Time Auctions, Real Estate and Estate Auctioneers)
Recent headlines pointing to the detriments of reverse mortgages aren’t getting the story straight. One of the nation’s leading reverse mortgage lenders, Generation Mortgage Company, wants to separate fact from fiction. “Because so…
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Paul Roesch, St Louis Real Estate Auctions AARE, CDPE (Father Time Auctions, Real Estate and Estate Auctioneers)
The Home Valuation Code of Conduct (HVCC) instituted by Fannie Mae and Freddie Mac in May of last year has been a topic of heated debate and driven a wedge between industry players since it took form. The GSEs say it has eliminated undue influence…
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Paul Roesch, St Louis Real Estate Auctions AARE, CDPE (Father Time Auctions, Real Estate and Estate Auctioneers)
Fannie Mae says delinquencies on home loans it guarantees declined again in April, marking the second consecutive month that past dues have fallen. Marketobservers say the successive improvements in delinquency numbers at the nation’s largest…
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Paul Roesch, St Louis Real Estate Auctions AARE, CDPE (Father Time Auctions, Real Estate and Estate Auctioneers)
Home loan delinquency rates remain near historic highs, but new data from Equifax Inc. suggests the upward trend may finally be reversing. The Atlanta-based credit bureau analyzed nearly 200 million credit files of U. S. consumers and found that past…
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Paul Roesch, St Louis Real Estate Auctions AARE, CDPE (Father Time Auctions, Real Estate and Estate Auctioneers)
With home sales sliding, employers reluctant to hire and world stock markets gyrating wildly, the U. S. economy is in danger of stalling. Now one of its only reliable sources of fuel is running out: federal stimulus spending. Funds flowing from the..
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Paul Roesch, St Louis Real Estate Auctions AARE, CDPE (Father Time Auctions, Real Estate and Estate Auctioneers)
U. S. consumers are increasingly worried about jobs and the economy, the Conference Board recently reported as its consumer confidence index plummeted to 52. 9 in June—the lowest level since March—from a downwardly revised 62. 7 in May…
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Paul Roesch, St Louis Real Estate Auctions AARE, CDPE (Father Time Auctions, Real Estate and Estate Auctioneers)
The landmark financial reform legislation approved by a cross-chamber committee of House and Senate leaders on Friday includes a provision which offers a remedy to the growing number of unemployed homeowners who are facing foreclosure. The amendment…
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Paul Roesch, St Louis Real Estate Auctions AARE, CDPE (Father Time Auctions, Real Estate and Estate Auctioneers)
Performance of home mortgages serviced by the largest national banks and federally regulated thrifts improved earlier this year, for the first time in more than 24 months. According to a report released Wednesday by the Office of the Comptroller of…
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Paul Roesch, St Louis Real Estate Auctions AARE, CDPE
Saint Louis,
MO
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Father Time Auctions, Real Estate and Estate Auctioneers
Address: 2850 Lawndell Drive, St. Louis, MO, 63144
Office Phone: (618) 407-8479
Cell Phone: (618) 407-8479
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Father Time Auctioneers sell real estate assets fast and economically. We auction household, estate, real estate and downsizing auctions. Brokers and agents encouraged for referral of sellers and buyers. We cooperate-earn commission with Father Time Auctions and Real Estate
314-962-4200 www fathertime.com
Paul Roesch cell: 618-407-8479
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