Housing Still Great Investment, Americans Say
Daily Real Estate News | Friday, December 09, 2011
Sixty-two percent of Americans say that purchasing a home is a good investment over the next 10 years, according to the Mortgage Index Study conducted on behalf of Bank of America.
Affordability ranks high among the 1,104 consumers surveyed nationwide. For those considering a home purchase within the next year, 62 percent reported contacting a lender or using online tools to determine affordable monthly mortgage payments, according to the survey. Seventy-four percent also said they plan to use their personal savings for a down payment on a home.
Landon Spitler says, According to the survey, consumers most popular piece of advice for others looking to buy a home soon: Don’t “buy more house than you can afford.”
Mortgage interest rates are still looking great. I can’t believe I’m saying this, but let me know if there is someone in your life that could use a fixed rate mortgage that begins with 3!
Contact me for any of your San Luis Obispo homes for sale needs and I can refer you to Landon to get your loan processed quickly.
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