Fannie Mae Says....

By
Real Estate Agent with YourStories Realty Group powered by Castles Unlimited® MA# 9517963

Fannie Mae reported last week on some research they were doing.  Of the owners and renters surved, 51 percent say that the housing crisis has not affected their overall willingness to buy a home.  27 percent say they are more likely to buy since the crisis has lowered prices and interest rates.  Only 19 percent say they are more likely to rent.

The numbers on renters went up slightly.  There is a 3 percent rise in people who are renting saying that are more likely to rent again.  So 59 percent say they will continue to rent and this is up from 54 percent.  These numbers are significant in showing that the rent or buy discussion rages on.  There is no doubt to any professional real estate person that this is a great time to buy.  I am not surprised that the public is still a bit leary.  With all this turmoil it will take a while for the general public to realize what we professionals know.  Now is a great time to buy a house.

66 percent of the respondants to the Fannie Mae questionaire believe that owning a home is as safe as an IRA or 401K program.  While this number is two thirds of all people it seems like a low number to me and where we as professionals must speak up.  There is no other better investment in your community and for your future than buying right now, in my opinion.  86 persent identify tax benefits as a great reason to buy.  How about if we share these statistics with our clients and prospects.

Posted by

Larry Lawfer, Realtor®YourStories Realty, It's all about you,

Larry Lawfer

Partner

Realtor®, Director of Marketing

YourStories Realty Group powered by Castles Unlimited®

837 Beacon St

Newton, MA 02459

larry@yourstoriesrealty.com, 617-774-8292

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Kay Van Kampen 12/20/2010 02:07 PM
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fannie mae
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Rainmaker
29,206
Tom Hoffman
Top Priority Realty, LLC - Brighton, CO
Broker/Owner

Thanks Larry for sharing these results and I too believe I need to do a better job of sharing this information

Dec 20, 2010 07:32 AM #1
Ambassador
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Lori Bowers
La Quinta, CA
The Lori Bowers Group

These are really interesting statistics

Dec 20, 2010 08:08 AM #2
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

With stats like those you would think the buyers would be out buying homes.  They are not.  High unemployment and low consumer confidence has them procrastinating.

Dec 20, 2010 08:21 AM #3
Rainmaker
846,022
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Buying a home is the #1 indepent financial solution if you are staying in one place for a while. Its a win-win, even if the house does not appriciate, it is forced savings. Very easy to calculate your yearly rent with never a return.

Dec 20, 2010 08:44 AM #4
Rainmaker
343,891
Don Wixom
RE/MAX Executives Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Larry, Yes! Buying a house in this market is nothing but smart! Especially if one is financing it! Low prices, low interest rates & excellent inventory to select from. Wow!

Dec 20, 2010 02:11 PM #5
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Karen Crowson
Coldwell Banker Residential Brokerage - Rancho Bernardo, CA
Your Agent for Change

I wonder if the reluctance to buy isn't about the uncertainty of their job situation.  That's what I hear the most.  People have too many friends or family who have been laid off and that scares them about taking on a mortgage, or their ability to get credit.

Dec 22, 2010 02:04 AM #6
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Larry Lawfer

"I listen for a living." It's all about you.
Storyteller Marketing changes the game, call here now.
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