Dreaming of Buying an American Home? You are not alone...

By
Real Estate Broker/Owner with True Sarasota Real Estate


casey key home - sarasota real estateIf owning a home is an important goal for you, you'll find that most of your neighbors and friends agree that home ownership is an essential part of the American Dream.

The American housing market, and the way Americans think about and practice home ownership, will change significantly as the nation emerges from the most severe recession of the post-World War Two era. What will not change, however, is a bedrock American confidence in the goal of home ownership. A report issued in May by The Demand Institute, a non-profit group that conducts and publishes consumer research, reiterates that 80% of all Americans still believe home ownership is the best long-standing investment they can make. That's the kind of faith that may help to fuel a vigorous, long-term recovery in the housing market and ancillary industries.

A measure of just how seriously Americans today value home ownership is the 7.3% increase in home equity in the first quarter of 2012. That's the highest quarterly percentage increase in home equity in 60 years, according to Bloomberg. With borrowing costs at all-time record lows, many Americans refinance their home loans and pay down principals with cash. In fact, 50% of the mortgages that were refinanced in the fourth quarter of 2011 reduced loan size, a record percentage according to Freddie Mac. While the equity increase is a strong sign that home-loan debt is easing for many Americans, “The willingness of homeowners to carry housing debt has been radically altered,” said Richard DeKaser, economist for the Parthenon Group LLC in Boston.

The Demand Institute report, titled The Shifting Nature of U.S. Housing Demand, also forecasts that American home prices will slowly begin to rise and could increase by 5% or more in the next five years in some markets.

This means that today is the perfect time to purchase a home, especially if you're looking at real estate in Sarasota, Florida, and the surrounding areas. Sarasota home prices are still low, interest rates are historically low, and there are many luxury condos and single-family homes for sale in Sarasota. AsExclusive Buyer Agents, we are ready to give you a VIP tour of the best properties for sale in Sarasota and beyond. Call us today (941) 918-1956.

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Rainmaker
3,438,040
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

William, We too believe that Americans still believe home ownership and like you say "today is the perfect time to purchase a home" and Sarasota sounds like the perfect place to be!

Aug 06, 2012 01:43 AM #1
Ambassador
1,542,190
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

William, a good post to begin the week with my friend.  Yes indeed the American dream does live on.  Now is the perfect time to buy and sell a home. With more of a level real estate playing field in the Albuquerque area it's a win -win for everyone.  The Sarasota area is a great place to live too.  Offering beach homes and many luxury condo communities!

Aug 06, 2012 01:51 AM #2
Rainmaker
6,031,083
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It is certainly the perfect time to take advantage of record low mortgage interest rates.

Have an outstanding week.

Aug 06, 2012 02:00 AM #3
Rainmaker
4,479,040
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

William, GREAT post for buyers attaining the American Dream!    It is proven homeowners feel more successful than renters!

Aug 06, 2012 03:06 AM #4
Ambassador
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Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTORĀ®

Actually, I am surprised that its not a higher percent than 80. I would have thought it would be in the 90's. GREAT POST!

Aug 06, 2012 03:25 AM #5
Ambassador
2,090,403
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Great post, William, and I have suggested it for a well deserved feature!

Aug 06, 2012 07:18 AM #6
Rainmaker
1,434,894
Yolanda Cordova-Gilbert
Richmond, TX

Will,

       You are correct this is the time to buy a home or to get a second home in a place like Sarasotaz! Take care and have a great week!

Aug 06, 2012 08:05 AM #7
Rainmaker
2,051,414
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Mr. William,

Very well writtena nd thought out article about the housing industry. I really like the 703 % incrae4se in home equity which occurred in first quarter 2012. Folks need to continue to gain confidence in the housing market and take action if they have not done so as of yet. In Sarasota contact William as he is the local area expert.

Aug 06, 2012 08:36 AM #8
Rainmaker
623,229
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

I agree, an excellent post to encourage any buyer thinking of making the decision to purchase a home.

Aug 06, 2012 10:50 PM #9
Rainmaker
1,140,464
Al Raymondi
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales

Nice post William, many folks are still working on buying their own home and this surely is a great time to buy.

Aug 07, 2012 10:21 PM #10
Rainmaker
341,143
William True
True Sarasota Real Estate - Sarasota, FL
Sarasota Real Estate

Thank you all for your fabulous feedback and comments --- very much appreciated!

Aug 08, 2012 01:50 AM #11
Rainmaker
4,479,040
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

William, buying a home in Sarasota and living The American Dream is quite possible -- call William True!

Aug 08, 2012 11:37 PM #12
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