The dream of owning a home remains alive and well in the minds of many Americans. The current homeownership rate in the United States is 65.3%. Although the housing market has been challenging for many homeowners over the last few years, homeownership remains a top goal for many Americans.
In
spite of the recession, 96% of all Americans still say that homeownership is
"important", including 77% of 25 to 34 year olds and 78% of 35 to 44
year olds who say that it's "very important."
About
97% say that homeownership gives them more control over their living spaces.
This means that when you own home, you can make improvements whenever you
want and no one can make you move as long as you are making your mortgage payments.
The
average home seller nowadays has lived in the home for an median of 9 years.
The majority of homes that show well and are priced right are selling
within a month of putting the home on the market
The
tide has turned and we are now in a sellers' market in most areas of the U.S.
including here on the Central Coast. If you have any questions about the
current real estate market or your own property, please call or
email. I always enjoy hearing from you!
Nancy Puder is the owner/broker of Signature Properties, a prestigious real estate firm in Arroyo Grande, CA. You may contact her at Nancy@NancyPuder.com or (805)710-2415. She always enjoys hearing from you!
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