Monday, December 20, 2010

Many of Americans still want to own a home

I came accross some very interesting information; despite the real estate downturn or crisis more than 51% of people said the the bust did not change their willingness to buy a home and an additional 27% said they would more likely to do so.The study which was conducted by Fannie Mae also noted reasons such as remodeling the home or to send the kids to a better school is what motivated buyers. Also, with great interest rate, low prices and incentatives many first time home buyers are taking advantage. Although trillions of dollars of equity were wiped out by the housing bust and millions of people will lose homes to foreclosure, nearly two-thirds of people surveyed believe purchasing a house is a safe investment. More than half the public also thought buying a home was a good idea financially even if they plan to move out in less than three years. Further, a huge majority, 86% of those surveyed, cite income-tax benefits -- mostly the mortgage interest deduction -- as a big reason to buy.
Good Day
Ainsley Daux
Home Run Real Estate inc
(813)546-1954
http://ainsleydaux.topseller.net

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