Fannie Mae Says....

Reblogger Kay Van Kampen
Real Estate Broker/Owner with RE/MAX Broker, RE/MAX 1999033519

Sitting on the fence waiting to see if interest rates drop or prices drop more.  I'm seeing interest rates slowly inching back up.  Buying a home in today's market is both wise and the best market we'll have for years

Larry Lawfer, RE/MAX Landmark has found statitics that show why now is the best time to buy a home.

Original content by Larry Lawfer 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.

Larry Lawfer

Realtor®, Director of Marketing

RE/MAX Landmark, YourStorys Realty

630 Park Street, Stoughton, MA 02072

larry@lawfer.com, 972-322-7776

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Rainmaker
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Don Wixom
RE/MAX Executives Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Kay, thanks for re-blogging! Yes, NOW is a great time to buy & take advantage of market prices, low interest rates and excellent choices!

Dec 20, 2010 02:10 PM #1
Rainer
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Devin Veith
Amp Realty - Louisville, KY

Interesting post. Thanks for all the information. It is very useful

Dec 20, 2010 02:11 PM #2
Rainmaker
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Pat Yoest
Century 21 Aadvantage Gold, 702-719-2100 - Las Vegas, NV
702-521-1442

Faanie Mae confused me on this press release.  They said basically that rthe American Dream was still alive and in the same breath said more people werwe renting.  Which one is it?

Dec 20, 2010 02:25 PM #3
Ambassador
637,163
Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
"I listen for a living." It's all about you.

Thank you for re-blogging my post.  @Pat both things are true and are not mutually exclusive.  It is a dream to own a house and most people were saying that they believe it is the best investment---they were not saying they wanted to own a house. Right now with the turmoil and all the misinformation, disinformation it has buyers a bit skitish.  This too shall pass and the first ones in will reap the best rewards.

Dec 21, 2010 03:57 AM #4
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Rainmaker
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Kay Van Kampen

Realtor®, Springfield Mo Real Estate
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