Thursday, April 25, 2013

Survey Reveals Top Regrets Among Buyers, Renters 

 Slightly more than half of Americans harbor at least one regret about their current home, according to Trulia’s Real Estate Regrets survey. In today’s seller’s market, Trulia says buyers are especially vulnerable to making decisions they may regret in the future. 

“Faced with limited inventory, many buyers will feel pressure to act fast—but snap decisions often end in regrets,” said Jed Kolko, chief economist at Trulia.

One of the common missteps of new homeowners, according to Kolko, is buying before reaching financial stability. “Many buyers would have fewer regrets if they waited until they were in strong enough financial shape to afford a house that really meets their needs,” he said.

The top regret listed among homeowners is not choosing a larger home. Thirty-four percent of homeowners cited this regret in Trulia’s survey.

The second most common regret among homeowners is not remodeling more when they purchased their current homes.

Please, if you have time, click on the link posted and continue reading this article.
Survey Reveals Top Regrets Among Buyers, Renter

Thursday, April 11, 2013

Are Young Adults Buying Homes Again?

 Hi friends,  

I came across this article and thought it had some useful information. I wanted to share it with you and hear your thoughts.

  Sales of residential properties are back to the highs experienced at the expiration of the Home Buyers Tax Credit in April 2010. One of the reasons for this surge in purchasing is that young adults may again be entering the market.

Over the last few years, many young adults stayed on the sidelines (some in their parents’ homes) while waiting for the overall economy and the housing market to stabilize. This group represents a pent-up purchasing demand which is now coming to market.

Please continue reading this article at the link posted, Are Young Adults Buying Homes Again?