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The Road to Recovery Presented by Peggy Scott PeggyS@windermere.com . Keys text goes here . The Road to Recovery. The Road to Recovery. Keys text goes here . The Road to Recovery. Keys text goes here . The Road to Recovery. Keys text goes here . The Road to Recovery.

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The Road to Recovery Presented by Peggy Scott PeggyS@windermere.com


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Keys text goes here

The Road to Recovery

  • RENT VS. BUY
  • Even in these difficult times, Americans still realize the value of homeownership both from a financial and social standpoint.
  • 63% of renters have aspirations to someday own their own home
  • 70% of renters think that owning is superior to renting
  • 96% of homeowners see homeownership as a positive experience (4% see it as a negative experience) while 83% of renters see renting as a positive experience (15% see it as a negative experience)
  • 97% of homeowners live in a single family residence while 53% of renters live in a multi-unit building
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THE PRICE IS THE SAME ,

BUT THE COST IS LESS

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According to S&P Case Shiller price index, residential real estate values have returned to 2003 first quarter prices. That, in itself, says something. However, when you factor in mortgage rates, the case for buying a home today becomes even more compelling.

In 2003, 30 year mortgage rates stood at 5.88%. Today, they are 4%. How does that impact the actual COST of a home? On a home purchased for $250,000, here is the difference in monthly cost:

The Road to Recovery

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Resources

  • Steve Harney, National Real Estate Speaker and Trainer
  • Glenn Crellen, University of Washington Assistant Director of Real Estate Research
  • Matthew Gardner, Principal of Economic and Real Estate Trends
  • Northwest Multiple Listing Service
  • Trend Graphics
  • Seattle Times Business and Real Estate Sections
  • Worldwide ERC

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The Road to Recovery