Over 72 percent of Americans say that owning a home is a part of their “dream.” That is down from 77 percent 6 months ago.
23 percent say they view owning a home more positively over the past 6 months while 19 percent view home ownership more negatively.
Among renters, 27 percent say they never want to own. And of those who do want to own, 68 percent said it will be more than 2 years before they buy.
Analysts at Moody’s Analytics say that the possibility of double-dip recession and another 20 percent decline in home prices has risen to about 25 percent.
25 percent is still terrible odds.
One of our favorite web sites, “
Cochise County – Land of Legends” has a map of the county that could be of use to those of you not that familiar with our home. You can find the map
here.
Resource: ExploreCochise.com
Not many people are aware that Habitat for Humanity operates
resale stores. If you plan to renovate a room in your home you may want to check their store for materials, They sell both reclaimed materials as well as surplus (new) items. In addition to building materials they also have home furnishings and appliances. Habitat for Humanity stores are in many metropolitan cities. In Cochise County there is a store in Sierra Vista as well as one in Tucson.
Another source for surplus and reclaimed materials is
DiggersList.com. Clicking the link will take you to DiggersList.com’s Tucson site. DiggersList is a web site for the DIY enthusiast that posts materials and services for sale, DIY tips and videos and lets you post ads to sell surplus materials or request help.
Resource: Habit for Humanity & DiggersList.com
Here’s a list of the happiest countries in the world, according to a recently released Gallup Poll based on data collected between 2005 and 2009. Survey participants were asked to rate their overall satisfaction with their lives and how they had felt the previous day (to gauge their happiness in daily activities).
| 1 |
Denmark |
| 2 |
Finland |
| 3 |
Norway |
| 4 |
Sweden |
| 5 |
Netherlands |
| 14 |
United States |
| 17 |
United Kingdom |
| 44 |
France |
| 81 |
Japan |
| 125 |
China |
Does this list surprise you?
Resource: Wilde Wealth Management Group, Inc.
There is a movement underway to ban real estate resale fees. These fees take different forms and are a way a seller looses equity.
Here is what happens. A seller (often a home builder) establishes a resale fee at the time the home is sold. The next time the home is sold a fee is taken from seller proceeds and paid to a third, often undisclosed, party. This resale fee can be set up so that it is paid each time the property is sold over a 99 year period.
(more…)
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The rental market is growing! A number of reasons;
- Some owners having a tough time making payments are able to rent at a price sufficient to cover mortgage payments while themselves becoming renters in smaller space.
- Owners having to move for job or other considerations are unable to sell at a reasonable price yet who can afford to move into a new home will rent the older home to cover costs until the market recovers.
- Families displaced by foreclosure are renting until their credit and financial condition improves.
There are web sites to help if you want to rent your home or are looking for a place to rent. REALTOR®Mag has an
article with some of these sites.
Resource: REALTOR®Mag
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