Free News Articles Home Banking and Finance Real Estate Reports and Studies The Crucial Relationship Between Home Ownership Rates and Household Income The Crucial Relationship Between Home Ownership Rates and Household Income Author: Bank Foreclosures Sale Dateline: Miami Noah Fant Jersey , Florida (MIAMI, Fla.) | Mon, 08 Oct 2012
freeNewsArticles Story Summary: “Analysts and real estate market experts at BankForeclosuresSale have just released a revealing new infographic providing home buyers and investors with valuable insight into the causes and effects of the recent housing crisis.”
A R T I C L E:
Analysts and real estate market experts at Bank Foreclosures Sale have just released a revealing new infographic providing home buyers and investors with valuable insight into the causes and effects of the recent housing crisis.
Drawing on information gathered from the U.S. Census and public records, the infographic details statistical trends in home ownership, household income, home values Phillip Lindsay Jersey , and interest rates over the past decade to paint a remarkable picture of the evolution of the market. This information provides home buyers and real estate investors with important information on the events that led up to the housing crisis, as well as a positive outlook for the future.
For example, we can clearly see that an extreme jump in home ownership leading up to 2004 corresponded with rising household income. The infographic also demonstrates that the average price of a home rose sharply in the early part of the decade, only to fall drastically after the housing bubble burst around 2007.
Perhaps most interesting for buyers is the fact that mortgage rates are currently at their lowest point since 2003, and average home prices are the lowest they've been since the housing crisis first began. This combination of trends means home buyers can currently find the lowest prices available on homes in the past 5 years, and that financing the purchase with a mortgage is cheaper than it's been in a decade Joe Flacco Jersey , meaning that it's a great time to buy.
"The numbers show not only show that real estate is still a great investment, but that buyers can take advantage of some historic lows in the market," said Simon Campbell, a Senior Business Analyst with BankForeclosuresSale. "Even though home values have fallen, they're still worth more than they were 10 years ago, and with interest rates lower now than at any point in the past decade Von Miller Jersey , it's a big opportunity."
Campbell also pointed out that while home ownership may still be low; the stage is set for a turnaround. "With household income steadying as the economy improves," said Campbell, "all signs point to increasing demand for housing."
Home buyers and real estate investors looking to take advantage of the current market can view the infographic at [ http:www.bankforeclosuressalewparticle-10054015 ] or visit BankForeclosuresSale for more helpful information on current trends in the real estate market.
About Bank Foreclosures Sale:
BankForeclosuresSale is a leading provider of foreclosure listings, news, and information concerning the foreclosure real estate market. In business since 1998 and based in Miami, BankForeclosuresSale is a leading source for up-to-date real estate listings currently available nationwide.
• Story Title: The Crucial Relationship Between Home Ownership Rates and Household Income • REFERENCE KEYWORDSTERMS: REO inforgraphic, Miami, Florida, short sales, Banking and Finance, Real Estate Denver Broncos Jersey , Reports and Studies, MIAMI, Fla..
IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limitedsensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the companyperson mentioned in the text (Bank Foreclosures Sale); this site cannot assist you with information about productsservices mentioned in the news article, nor handle any complaints or other issues related to any personcompany mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon Akiem Hicks Jersey , 08 Oct 2012 11:53:43 GMT].
USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blogezine or similar, free of cost, CLICK HERE to learn how. TiedIn Media is a talented Trey Burton Jersey , professional, and experienced Long Island web development and marketing agency. We create experiences that elevate brands, create connections, and help businesses flourish. Our clientele includes members of the sports world, lawyers, financial consultants Eddie Jackson Jersey , music industry professionals, and many cable TV news guests.
Be A Mobile Company!
The mobile industry is developing at a quick pace, largely impacting your marketing development!