Housing Market Facts

Housing Market Facts

www.housingmarketfacts.com

Brought to you by the National Association = of=20 Realtors=AE

Learn about the benefits of owning a home. NAR is the leading = advocate for=20 private property rights, homeownership and housing issues.

THE NATIONAL ASSOCIATION OF REALTORS=AE WANTS YOU TO = KNOW

Housing is a good long-term investment

Over the past 30 years, home values have risen more than 6 percent=20 annually.
*NAR existing-home sales historic series

On average, the value of a home nearly doubles every 10 = years.
*NAR=20 existing-home sales historic series

Sixty percent of the average homeowner's wealth comes from their = home's=20 equity.
*Housing and Urban Development "Homeownership and its = Benefits; Urban=20 Policy Brief No.2 - 1995"

The average homeowner=92s net worth is $171,000 =96 that=92s nearly = 46 times that=20 of a renter=92s, who has an average net worth of $4,800.
*Federal = Reserve=20 Survey of Consumer Finances

Homeowners benefit from the power of leverage. At an annual = appreciation rate=20 of 5 percent, a 10 percent down payment on a home will return 94 percent = after 3=20 years. After 5 years, the rate of return increases to 225 percent and = after 10=20 years, 623 percent. *Harvard University's Joint Center for Housing=20 Studies

REALTORS=AE add value

Every market=92s different; talk to a REALTOR=AE for insight into = your own real=20 estate market. In fact, two-thirds of all metropolitan areas have seen=20 year-over-year increases in median existing single-family home prices, = including=20 six areas with double-digit gains.
*NAR=92s 2007 Q3 metro price = report

REALTORS=AE have the marketing, negotiating, and industry expertise = and=20 experience necessary to help home sellers protect their investment and = help home=20 buyers build theirs.

A REALTOR=AE can help sell your home faster and for more money than = you might=20 yourself.
*2007 NAR Profile of Home Buyers and Sellers)

REALTORS=AE visit hundreds, if not thousands, of homes with their = buyer clients=20 each year, and have a unique understanding of what home buyers value in = their=20 local markets.

REALTORS=AE are strong advocates for housing issues and = homeownership. Their=20 support for the mortgage interest deduction and other federal policies = helps=20 keep housing more affordable and makes housing a great investment.

REALTORS=AE commit to a strict Code of Ethics, which helps protect = consumers in=20 the real estate transaction.

Financing is available

For buyers who qualify for conventional financing, mortgages are = available at=20 near historically low rates.

FHA programs are a viable alternative for many first-time buyers. FHA = market=20 share for home purchases is expected to triple over the next three = years, from=20 an estimated 4 percent in 2007 to an estimated 12 percent in 2009.

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