January’s “This Month in Real Estate” video has been released. This edition focuses on a recent NAR report revealing buyer affordability being at an all-time high. According to the report, home payments are taking just 13.6 percent of the median family income. This number is down from 20 percent in 2007. Access the video by clicking the “Play” button below.
For more information on the real estate market and its prospects for 2011, contact us today!
According to a recent National Association of REALTORS® report, homeowners are more active in their communities, benefit from improved education opportunities, and report higher levels of self-esteem and happiness when compared to renters. Overall, owning a home results in a higher level of satisfaction and happiness over renting property.
In addition, because homeowners relocate less frequently than renters, the areas in which they live become more stable, solidifying neighborhoods into cohesive communities.
For more information on the report, please click the “Full Article” link below.