The Desire to Buy Real Estate

By
Real Estate Agent with Bozeman Broker Group

 

The American Dream has at its core the idea of home ownership.  The dream, according to CNBC-All-American Economic Survey, is being acknowledged more and more. 79% of Americans believe home ownership is the essential piece of the American dream. 69% of Americans think owning is more advantageous to renting. Home ownership is regaining the confidence it had in re-recession times.

 

“The housing numbers are all heading in the right direction,” reports Diana Olick for CNBC. “Home prices up, foreclosures down and, perhaps the most important, consumer confidence in housing is swelling.” 

 

The one demographic that still seems to be the unknown element within the market is that of the first-time home buyers. There is a surge in first-timers looking for their first home, but they are highly dependent on their low down payment financing, and that may cause a plateau of actual home purchases. What are your predictions?

 

 

 

 

 

READ ON:

Parents as Kids’ Mortgage Lender

More Reasons to Buy v. Rent

People Are Becoming More and More Confident in Housing Market

Home Ownership and the American Dream

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Topic:
Real Estate Market Trends
Location:
Montana
Tags:
home ownership
american dream
purchasing a home
buying real estate
real estate buying
real estate news

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Rainmaker
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Noah Seidenberg
Chicago-land and its Suburbs (800) 858-7917
Coldwell Banker

Great post. I have worked with many first time buyers and it is sometimes hard to get them a loan. I have a great Mortgage Broker I work with who can do wonders but there is only so much they can do. I love when the P's kick in.

 

April 09, 2013 03:05 PM
Rainmaker
74,054
Tim Hart
Broker
Bozeman Broker Group

Thanks Noah!   Tim

April 09, 2013 03:58 PM
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Rainmaker
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Tim Hart

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