- The lowest home prices in 10 years is failing to lure many buyers
- But have Americans soured on the idea of home ownership?
- Recent surveys asking “is a home was a safe investment?” showed a drop to 64 percent from 70 percent in the 4th Q of 2010
- The number was 83 percent in 2003
- The housing crash clearly has caused permanent changes in the way some people view home ownership
- Americans stay in their homes for about eight years
- A homebuyer who bought a home in 2002 and sold in 2010 saw a 4.8 percent increase in value
- The average annual gain in the past 20 years was 4.2 percent according to databases
- Housing affordability is now at record levels as of December 2010 according to the National Association of Realtors
- The median U.S. home price tumbled 32 percent from a 2006 peak to a nine-year low in February
- The Great Depression saw a 27 percent drop in the first five years
For more: http://www.bloomberg.com/news/2011-04-19/americans-shun-most-affordable-homes-in-generation-as-owning-loses-appeal.html
Like this:
Like Loading...
