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November 30th, 2008 8:45 AM

Owning a Home is Still the American Dream!

Now may be the best time in the past 20 years to buy or invest in Real Estate. House sales in many areas have stabilized, mortgage interest rates are down, inventory has declined over the last 2 months nationally, and housing affordability has improved.   

The National Association of Realtor recently posted the following facts from a Real Estate Survey:

  • Home ownership is an investment in your future. Owning a home helps build wealth over the long term, and it provides significant social benefits.
  • On average, owners who purchased their home six years ago have seen the value of their home rise 24.3 percent during that time, despite recent price declines.
  • In a recent survey of economists, 8 out of 10 believed home prices will be higher in 5 years than they are today.
  • First-time home buyers can now get $7,500 tax credit for qualified home purchases from April 9, 2009 to June 30, 2009, thanks to recently passed housing stimulus legislation. Details of the $7,000 tax credit
  • An overwhelming majority of economists surveyed - by a better than 5-to-1-ratio - agreed with the statement, "A person can increase their long-term wealth by purchasing a house rather than renting."

*Baylor University Keller Center for Research

Consult your local Realtor for Real Estate opportunities in your area.

Read more about the $7,500 Tax Credit for Home Buyers

Is the Real Estate Market Tide Turning?

Seattle Real Estate Market Best for Speedy Rebound

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The Trey Affolter Team always welcomes comments and is available to answer questions about Tacoma Real Estate and the surrounding cities within Pierce County Real Estate, South King County Real Estate, and North Thurston County Real Estate. 

253-222-6000

http://www.TreySellsHouses.com

Posted by Trey Affolter on November 30th, 2008 8:45 AMPost a Comment (0)
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