Real Estate Optimism
April 24, 2010 by admin
Filed under Positive Real Estate
- Image via Wikipedia
More than 48 percent of first-time buyers expect home prices to increase by this time next year, according to a survey by Century 21 Real Estate.
Sixty percent of first-time home buyers say they didn’t understand the process of buying a home, and more than 85 percent of both first-time buyers and sellers said that using a real estate professional was important.
The top three skills valued in a real estate professional by both buyers and sellers were knowledge of the area, trustworthiness, and responsiveness.
More than 80 percent of buyers believe now is a good time to buy a home. First-time home buyers rated these three factors as the most influential in their decision:
• Current housing prices: 66 percent
• Home Buyer tax credit: 63 percent
• Low loan rates: 60 percent
In choosing a home, 95 percent of first-time home buyers thought price was the most important consideration, but 90 percent were also very concerned about neighborhood safety.
About 54 percent of first-time sellers think home prices are more affordable now than they were this time last year, and 50 percent were selling because they were purchasing a property they saw as more attractive and better suited to their needs.
Source: Century 21 Real Estate LLC (04/21/2010)
More related Positive News
Bay Area Come Back
May 22, 2009 by admin
Filed under california, Positive Real Estate
- Image via Wikipedia
Bay Area home prices edged higher in April for the first time in 18 months, a sign that the region’s housing downturn may finally be easing, according to a new report.A total of 7,139 new and resale houses and condos sold in the Bay Area last month, up 13.1 percent from a year ago. It was the eighth consecutive year-over-year gain for the nine-county region.
From http://www.pressdemocrat.com/article/20090521/BUSINESS/905219940/1036?Title=Is-the-Bay-Area-housing-market-stabilizing-
