Gallup Poll: Real Estate “Heading in the Right Direction”

 

Posted: 25 Sep 2014 KCM Crew

Real Estate "Heading in the Right Direction" | Keeping Current Matters

In a recent Gallup poll, Americans were asked to rate 24 different business sectors and industries on a five-point scale ranging from “very positive” to “very negative.” The poll was first conducted in 2001, and has been used as an indicator of “Americans’ overall attitudes toward each industry”. For the first time since 2006, Americans had an overall positive view of real estate, giving the industry a 12% positive ranking.Real Estate “Heading in the Right Direction” | Keeping Current MattersAmericans’ view of the real estate industry worsened from 2003 to the -40% plummet of 2008.  Gallup offers some insight into the reason for decline:

Prices Dropped

“In late 2006, real estate prices in the U.S. began falling rapidly, and continued to drop. Many homeowners saw their home values plummet, likely contributing to real estate’s image taking a hard hit.”

Housing Bubble

“The large drops in the positive images of banking and real estate in 2008 and 2009 reflect both industries’ close ties to the recession, which was precipitated in large part because of the mortgage-related housing bubble.”

Bottom Line

“Although the image of real estate remains below the average of 24 industries Gallup has tracked, the sharp recovery from previous extreme low points suggests it is heading in the right direction.”

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9 Success Tips for your Statement Door Make-over

RealtyTimes.com, September 30th, 2014
Which change to the street face of your home can dramatically up its value while expressing your delight as a homeowner? PJ Wade shares 9 Success Tips for your statement entry door make-over.
Full Story: http://realtytimes.com/rtpages/20140930-9-Success-Tips-For-Your-Statement-Door-Make-over.htm

Follow Len and Leslie Marma of Success! Real Estate on their facebook business page, “Marshfield Matters” …… click LIKE to receive real estate info and what’s happening in Marshfield.  

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Be Quiet Chicken Little! Real Estate is Just Fine

Be Quiet Chicken Little! Real Estate is Just Fine

Posted: 30 Sep 2014 KCM Crew

Be Quiet Chicken Little! The Sky is Not Falling | Keeping Current Matters

The latest Existing-Home Sales Report from NAR revealed that sales decreased 1.8 percent in August. Many might start to panic, but let’s see what the report really shows. Lawrence Yun, NAR chief economist explains “there was a marked decline in all cash sales from investors. On the positive side, first-time buyers have a better chance of purchasing a home now that bidding wars are receding and supply constraints have significantly eased in many parts of the country.”

There is Still A LOT of Good News:

  • The median existing-home price for all housing types in August was $219,800, which is4.8 percent above August 2013. This marks the 30th consecutive month of year-over-year price gains.
  • 40% of homes sold in August were on the market for less than a month.
  • Distressed home sales remain at single digits for the second straight month, at 8%, down from 12% last year this time.
  • More buyers qualified for mortgages to purchase a home in August, as evidenced by the decline in the number of all cash buyers from 29% to 23%.

New Home Sales Surge:

Newly built single-family home sales surged 18% in August, the highest level in six years according to new data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

The Experts Agree:

“This robust level of new-home sales activity is a good sign that the housing recovery is moving towards higher ground,” said NAHB Chief Economist David Crowe. “Historically low mortgage rates, attractive home prices and firming job and economic growth should keep the housing market moving forward in 2014.” Yun adds, “As long as solid job growth continues, wages should eventually pick up to steadily improve purchasing power and help fully release the pent-up demand for buying.”

Bottom Line

Now is still a great time to buy a home, whether as a first time homebuyer or you’re moving up to the home of your dreams, don’t let the headlines scare you from making the best decision for your family. _____________________________________________________________________ Have You Set Up Personalized Posts Yet? | Keeping Current Matters

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Homeownership: A Few Stats and Quotes

 

Posted: 29 Sep 2014 KCM Crew

Homeownership: A Few Stats and Quotes | Keeping Current Matters

2014 American Express Spending & Saving Tracker

“About two-thirds (65%) of homeowners say they are confident they would get the asking price for their home if they were to put it on the market today (up from 40% in 2010).”

Financial Security Index Survey

“Eighty nine percent of Americans feel that buying a home is an important part of achieving the American Dream.”

“How America Views Homeownership” Survey

“Sixty eight percent of Americans feel that now is a good time to buy a home.”

Housing Confidence Index

“A two-thirds majority of renter households said that owning a home someday is a specific goal that they are determined to reach, or something that they think about a lot.”

Fannie Mae

“Homes have accounted for 23.5% of American’s wealth on average since 1959. That’s nearly double the proportion U.S. households and nonprofits have invested in stocks.”

Wall Street Journal

“A measure of owners’ equity as a share of the value of real-estate holdings hit 53.6% in the second quarter, up from 53.2% in the first quarter and below 50% a year earlier. For most Americans, a home is their biggest asset, so the growing level of home equity suggests improvements in the economy are now reaching more Americans.”

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Going Exotic: Countertops with Personality

Realtytimes.com, September 27th, 2014
Granite, quartz, marble, concrete – there are so many relatively standard options for countertops. But what if you want something a little different?
Full Story: http://realtytimes.com/rtpages/20140927-Going-Exotic-Countertops-With-Personality.htm

Follow Len and Leslie Marma of Success! Real Estate on their facebook business page, “Marshfield Matters” …… click LIKE to receive real estate info and what’s happening in Marshfield.  “

Posted in Design & Remodel, Home Repairs, Homeownership, Renovate | Tagged , , , , | Leave a comment

Education Thwarting Homeownership for Younger Households

RealtyTimes.com, September 26th,2014
A new study reveals the impact of student college loan debt on the housing market. According to the report by John Burns Consulting, an Irvine, California-based firm, 414,000 homes sales won’t happen because of high levels of student debt and the monthly-payback burden.
Full Story: http://realtytimes.com/rtpages/20140926-Education-Thwarting-Homeownership-For-Younger-Households.htm

Follow Len and Leslie Marma of Success! Real Estate on their facebook business page, “Marshfield Matters” …… click LIKE to receive real estate info and what’s happening in Marshfield.  

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13,836 Home Sell Every Day in the United States

 

Posted: 26 Sep 2014 KCM Crew

NAR's August Existing Home Sales Report [INFOGRAPHIC] | Keeping Current Matters_____________________________________________________________________Have You Set Up Personalized Posts Yet? | Keeping Current Matters
Posted in Financing, Home Buying, Home Selling, Homeownership, Market Conditions | Tagged , , , | Leave a comment