News from Those in the Know

    Every once in a blue moon it is advantageous of us to take a step back and hear what others have to say about the market without prejudice and preconceived notion (we know this is hard but even we manage to try our best). Leading industry experts have a lot of knowledge that, when put into practice can often save you tens of thousands of dollars. We like to pretend that we have all of the answers, but in truth we find that listening to those in the know helps to develop our feel and our sense of the real estate market locally and nationally. Now, to hear from some of those experts:

    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.”

    And there you have it. The experts weigh in to bring you some of the most up-to-date information that will hopefully be used to save (or make) you money. Now go out there and put this new-found knowledge to good use.

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