The latest Fannie Mae National Housing Survey showed that 68% of people believe it is a good time to buy – that’s more than two out of every three people surveyed.
Over two thirds believing now is the time to buy is fabulous news for Charleston AFB and Charleston Joint Base families who may be looking to sell their homes!
The report also showed:
- People trust homeownership as an investment over buying stocks, investing in a 401k, buying an insurance annuity or investing in a mutual fund.
- People find investing in a home safer than any other investment except putting their money into a savings account.
- 96% of homeowners feel that homeownership has been a positive experience.
- Only 17% of renters think renting has been a positive experience.
- 62% of renters have long-term ownership aspirations.
- Charleston military families, as well as most Americans, expect home rental prices to rise more than home prices over the next year, and believe that it is more likely that home rental prices will go up rather than go down by a ratio of almost 4 to 1.
- An overwhelming majority of mortgage borrowers, including Charleston military families, remain satisfied with their loans and are confident they would receive the necessary information to choose the right loan.
- Non-financial considerations, such as accessing good education and safety, continue to trump financial reasons for owning a home. With the top three reasons (education, safety, and more space) all increasing in percentages since the last report.
- Since the time of purchase, 59% of mortgage borrowers have seen their home value increase.
Bottom Line
The Fannie Mae survey showed that homeownership is considered by most people as both a good investment and a positive experience - So contact Military Homes of Charleston today!
Torri Jacobsen, Military Homes of Charleston – Charleston Air Force Base/Joint Base Charleston, SC Real Estate For Sale
Buying or selling a home doesn’t have to be hard, but choosing the right Realtor DOES make a difference. I specialize in making first-time home buying a great experience for military families moving to the Charleston , SC
*Information provided by the KCM Group
