The engine is revving, we see activity on the rise. We feel 2012 is going to be a good real estate year. Interest rates are still low, making a mortgage affordable to more buyers.
Almost everyone prefers a home to renting an apartment. Yea it's work. But it's not that much work and every bit of work you do to your home is an investment in current enjoyment and future profit.
Why do people prefer to own over rent? It's Yours - when you own your Home instead of renting it, you get to mold your living space into whatever you need or want it to be. You don't need to ask permission from a landlord. And usually Landlords will say no, or you'll lose some of your security deposit because of your changes.
Sense of Security - Studies have shown that kids raised in ahome that is owned by their parents rather than renting have a lower rate ofpregnancy and drug use. This has been attributed to the fact that mosthomeowners stay in one place for a longer period of time rather than moving around from place to place like renters tend to do.
Also, if you have a fixed rate mortgage, you know what your monthly payment is going to be two, three, five and even ten years down the road. Rent, on the other hand, will rise, depending on how long your lease is.
Even in these difficult times, Americans still realize the value of homeownership both from a financial and social standpoint.draft
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