Take a look at five short and sweet reasons that homeownership is great! Read more
by Phoebe Chongchua
It’s billed as the American Dream and yet for some it’s been an all-time American nightmare.
Still “the home is central to American life” writes the National Association of Homebuilders in its report titled: Homeownership Works, released earlier this year.
Of course the report aims to show how housing is vital not just to homeowners but to the nation’s growth. The publication looks at the contributions that homeownership make to the economy specifically through residential construction, remodeling, rental housing, and various other related aspects of the industry. Read more
Two-thirds of baby boomers say they want to help their children or grandchildren with a home down payment, according to a study of more than 1,000 baby boomers age 45 and up conducted by Meredith Research Solutions for Better Homes and Gardens Real Estate.
In fact, one in five boomers surveyed say they’ve already loaned their children money, cosigned a mortgage, or given a cash gift for a down payment on a home.
Even baby boomers not considered wealthy are willing to offer help on down payments. While baby boomers who make more than $75,000 a year were found to be the most willing to offer help, 46 percent of baby boomers who make less than $75,000 per year say they also plan to help their child with a future home purchase, according to the survey. Read more
Midlands builder says regulators must ease up on banks to free money to stimulate the economy:
Wade McGuinn says a Camden bank recently turned him down for a loan to build up to 30 homes in Kershaw County.
That is 90 jobs people don’t have, he said.
Those jobs are the reason homebuilding needs to grab more attention in the national debate on how to revive the battered economy, said Barry Rutenberg, chairman-elect of the National Association of Home Builders, who was in town this week to speak to Midlands-area builders.
Foreclosures rose sharply in South Carolina in October, another hurdle for builders struggling to stay afloat in a stagnant housing market. The state ranked 13th nationally in the number of foreclosures. Meanwhile, foreclosure rates in the U.S. improved over last year. Read more
It may be a down market, but the majority of Americans still see value in homeownership.
According to a recent survey, conducted on behalf of the National Association of Home Builders (NAHB), “An overwhelming 75 percent of the people who were polled said that owning a home is worth the risk of the fluctuations in the market, and 95 percent of the home owners said they are happy with their decision to own a home.”
Despite the ups and downs of the housing market, home owners and non-owners alike consider owning a home essential to the American Dream.
That’s the key finding of a recent survey of people likely to vote in 2012 that was conducted on behalf of the National Association of Home Builders (NAHB) by Public Opinion Strategies of Alexandria, Va., and Lake Research Partners of Washington, D.C.