Real Estate Facts:
-81% of adults view home ownership as the best long term investment they can make
-Due to increased affordability, 25% of people under the age of 35 are planning buy their first home within the next few years
-Mortage interest rates are at the lowest level in 30 years
-One in 3 Americans own their homes free & clear
-91.2% of mortgages are current, & only 3.75% are in foreclosure
-Two-thirds of Americans say that now is the bet time to buy a home.
-The median home price is 3.4 time the median household income
-In 2010, 20% of home buyers were single women & 12% were single men
-In 2010, 36% of buyers were under the age of 35.
-2010 home ownership levels will be around 66.9%
-By age group, 39% of under 35 year olds own their own homes, 65% of those aged 35-44 own their homes, 73% of these aged 45-54 own their homes & 79% of those aged 55-64 own homes.
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Mary Maxie, Associate Broker, Prudential Arizona Properties 602-738-6597
GREEN Master of Real Estate, GRI, CRS, ABR, CSSR, SFR, CRMS, CIPS