Real Estate Facts and Figures January 2011
There is actually optimism in the Market.
Nearly 8 out of 10 people believe that buying a home is a good financial decision, and 68% feel that now is a good time to buy a home(compared to 75% in 2009 and 66% in 2006)
63% of renters say that owning a home is a priority in the future.
40% say it is one of their highest priorities.
and 25% are thinking more about buying a home today than they were just a year ago.
32% of owner occupied housing units are owned free and clear.(US census Bureau)
70% report that home values have stabilized in their area.
The Affordability of a home is at a 40 Year high! (Mortgage rates and homes are lowest in 40 years)
79% of buyers in the market say it's difficult to save enough money for a down payment and closing costs.
73% worry about qualifying for a loan, and 80% say high unemployment and job insecurity are potential barriers to home ownership.(NAR 2010 National Housing Survey)
(Data obtained from Buffini and Company Magazine, Jan 2011)
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