Jump to content
Sign in to follow this  
w¡n9Nµ7 §£@¥€r

Survey shows that 64% of Americans think this is an ideal time to buy a home

86 posts in this topic

Recommended Posts

Filed: Timeline

Despite all of the negative commentary about the housing and credit markets, 64 percent of Americans believe that for those with good credit and a down payment “this is an ideal time to buy a home,” according to a study commissioned by Beazer Homes, one of the country’s top-10 homebuilders. Perhaps with an eye toward the future, 24 percent of survey respondents — from Gen Y to Baby Boomers — say they plan to buy a new home in the next two years either as a primary residence or second/vacation home.

...

As in most areas, experience brings additional confidence. The survey found 70 percent of experienced homebuyers — those who have purchased at least one home — urging renters to purchase a home as soon as he or she is financially able to do so.

...

“While this is clearly a challenging time for the homebuilding industry, for those who are financially grounded, we believe it is an ideal time to buy a home. It’s an even better time to buy a brand new home,” said McCarthy. “Now more than ever, a newly constructed home is likely to be a much better value for homebuyers when compared with the purchase of a re-sale home.”

http://www.businesswire.com/portal/site/go...amp;newsLang=en


Man is made by his belief. As he believes, so he is.

Share this post


Link to post
Share on other sites
Filed: Citizen (apr) Country: Morocco
Timeline
This is very true. It's a buyers market right now. If you have a stable job and a decent credit rating now is the time. There are some real bargains to be had.

Alrighty, now we just need a down payment. Sigh.

Share this post


Link to post
Share on other sites
Filed: AOS (apr) Country: England
Timeline

I'm hoping this is true. Our debts are paid off, credit reports are looking good, the downpayment fund is growing nicely... We start the search next month.


"It's not the years; it's the mileage." Indiana Jones

Share this post


Link to post
Share on other sites
Filed: Timeline
This is very true. It's a buyers market right now. If you have a stable job and a decent credit rating now is the time. There are some real bargains to be had.

True, but you gotta be careful where you buy. Prices are still dropping in many places. I am starting to see sub-300K listings in my neighborhood for the first time since 2003.


Man is made by his belief. As he believes, so he is.

Share this post


Link to post
Share on other sites
This is very true. It's a buyers market right now. If you have a stable job and a decent credit rating now is the time. There are some real bargains to be had.

Alrighty, now we just need a down payment. Sigh.

You can still get zero down loans. If you or your SO are vets then a VA loan is 100%. If this is your first home then FHA will give a 100% loan and there is even a program that will give you 4% for your down payment. Talk to your bank.

Share this post


Link to post
Share on other sites
Filed: Citizen (apr) Country: Morocco
Timeline
This is very true. It's a buyers market right now. If you have a stable job and a decent credit rating now is the time. There are some real bargains to be had.

Alrighty, now we just need a down payment. Sigh.

You can still get zero down loans. If you or your SO are vets then a VA loan is 100%. If this is your first home then FHA will give a 100% loan and there is even a program that will give you 4% for your down payment. Talk to your bank.

I'll have to look into it. Seems so irresponsible to buy a house with nothing down, but maybe that's just not true.

Share this post


Link to post
Share on other sites
Filed: Timeline

Absolutely - I would never buy a home that way, especially if I was unsure where I'd be in 5 years time.

Not sure we have seen the bottom yet in my area! Plus all the new builds that must have been approved when the market was booming is going to REALLY make it a buyers market in time.


tb.jpg

Share this post


Link to post
Share on other sites
Also, the FHA loans have ridiculously low income caps - anyone with a real job in a major metro area will have trouble qualifying.

I qualified for an FHA loan with my $65k/year income. I don't know what the cap is. Maybe it varies from area to area.

Share this post


Link to post
Share on other sites
Filed: Timeline
Also, the FHA loans have ridiculously low income caps - anyone with a real job in a major metro area will have trouble qualifying.

I qualified for an FHA loan with my $65k/year income. I don't know what the cap is. Maybe it varies from area to area.

Well.... around here, you can't afford PITI on a household income of 65K anyway so buying a home is out of the question... the limit here isn't much higher than that, but is still much lower than what is an income level at which home ownership is actually feasible.


Man is made by his belief. As he believes, so he is.

Share this post


Link to post
Share on other sites
Absolutely - I would never buy a home that way, especially if I was unsure where I'd be in 5 years time.

Not sure we have seen the bottom yet in my area! Plus all the new builds that must have been approved when the market was booming is going to REALLY make it a buyers market in time.

There are really two different "Americas" where the housing markets are concerned. The coasts and the fly-over areas have vastly different dynamics. I understand that on the coasts the markets went through the roof for a while and are still in the "correction" mode. I wouldn't buy in a market that is still dropping. But here in the heartland the market has been a little more stable. The prices didn't go up as much and as a result they didn't go down as much. I have been keeping a very close watch on the prices over the last 2 years and here at least the bottom seems to have been reached.

Here is some examples my reality agent has been sending me. Ignore the first one. I don't know why he stuck that one in. Just click on some of the others on the left side of the screen.

http://peoria.fnismls.com/publink/default....&Report=Yes

Share this post


Link to post
Share on other sites
Filed: Timeline
There are really two different "Americas" where the housing markets are concerned. The coasts and the fly-over areas have vastly different dynamics. I understand that on the coasts the markets went through the roof for a while and are still in the "correction" mode. I wouldn't buy in a market that is still dropping. But here in the heartland the market has been a little more stable.

Well said.

I excel-churned OFHEO HPI metrics a few weeks ago and was astounded at how "straight line" the price appreciation was in Charlotte and Dallas and how "topsy turvy" it was in NYC/Boston/LA.


Man is made by his belief. As he believes, so he is.

Share this post


Link to post
Share on other sites
 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  
- Back to Top -


Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×
×
  • Create New...