I just came across a great article on CNNMoney.com that talks about the fact that even with the current state of the economy and the real estate market crisis…” Nearly two-thirds of Americans would still prefer to own a home.” Of course most people are a lot more cautious these days, it’s still a breath of fresh air to find out that we aren’t as jaded as I thought. <\/p>\n
With caution, Americans still want a house
CNNMoney.com 4\/6\/10<\/p>\n
A nationwide survey conducted by mortgage lender Fannie Mae found 65% of the homeowners and renters believe there is still value in owning a home.<\/p>\n
But the survey also suggests that potential home buyers have become more cautious in the years since the housing bubble burst, giving rise to a wave of foreclosures and a severe recession.<\/p>\n
“Consumers are still committed to owning a home, but are showing increased cautiousness,” said Doug Duncan, chief economist at Fannie Mae.<\/p>\n
He said the downturn in the housing market has led to a “rebalancing” of consumer attitudes towards homeownership. Americans are adopting a more realistic approach and are now less willing to take risks, he said.<\/p>\n
The survey showed that home buyers are growing more concerned with longer- term priorities, as opposed to the house “flipping” mentality that characterized the market during the boom years.<\/p>\n
Over 40% said personal safety was their main consideration when buying a home, while a third indicated that the quality of local schools was the dominant factor.<\/p>\n
If you’re looking to buy a home and take advantage of low interest rate and prices…please contact Julie at (310)402-8181. I specialize in the Greater Los Angeles Area..including West Hollywood, Hollywood Hills, Miracle Mile, Hollywood, Westwood, Brentwood, Santa Monica, West Los Angeles, Studio City, and Sherman Oaks.<\/p>\n","protected":false},"excerpt":{"rendered":"
I just came across a great article on CNNMoney.com that talks about the fact that even with the current state of the economy and the real estate market crisis…” Nearly two-thirds of Americans would still prefer to own a home.” Of course most people are a lot more cautious these days, it’s still a breath […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-51","post","type-post","status-publish","format-standard","hentry","category-real-estate-news-tips"],"_links":{"self":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/posts\/51","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/comments?post=51"}],"version-history":[{"count":0,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/posts\/51\/revisions"}],"wp:attachment":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/media?parent=51"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/categories?post=51"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/tags?post=51"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}