Real Estate Facts & Comments

The National Association of Realtors has a very interesting website called Housingmarketfacts.com. Here are a few statistics:

• Over the past 30 years, home values have risen more than 6% annually.


• On average, a home price will double every 10 years.
  


• 60% of an average homeowner’s wealth comes from their home’s equity.


• The average homeowner’s net worth is $171,000. Renter’s have an average net worth of $4800.
  So STOP listening to the bad news. Watch the good news channel for a change. People change jobs & families grow making the buying of homes a necessity. The bottom line is take care of your home, do some updating,
  and your home will sell for a good price.

Featured Home is a Custom Built Brick Ranch with everything on the main level....Spacious (dream) Kitchen. Family room. Laundry room. Attached garage. Large yard. Hardwood floors. So many features. So well cared for. $175,900. Located at 2302 185th St in Lansing. More info & pictures at: www.coldwellbankeronline.com/06777536 or www.Cathyhiggins.com (view my listings)

Timing Your Next Purchase with the Market

Should you try and Time the Market for your Home Purchase?

Assuming you can figure out the ideal time to buy - that is, when prices have not only hit their low, but are on the verge of rebounding - by the time you find the house you want, line up the financing and close the deal, the "best" time may have already passed.
We feel now is an excellent time to buy, and a good time to sell if you are going to ‘move up’ — that is, buy a house more expensive than your current house — because you will probably end up catching a proportionately bigger price break on the new house than you may be giving up on the old house.
If the house of your dreams is available, go for it. After all, it may not be available months from now. Plus, interest rates are still fantastic.
As long as you plan on staying in the home for a while, any further drop in prices will be offset by once again rising prices sometime down the road. In all likelihood, you'll make money in the long run. That’s what history has taught us. The bottom line is: the best deal could be right now.

The Condo in the Picture is at 10340 White Oak Lane in Munster's White Oak Estates.
1625 sq ft with 3 bedrooms and 2 baths. 2nd floor with a Private Balcony. Attached garage.
For further information, call us or go to: www.Cathyhiggins.com (view my listings)