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Replies (6)
- Simon Mills, "Mills Realty"
- Contributions:1858
Interesting facts, but do you really think that people who purchased in 2007 have no regrets today?
- Lady Chattel
- Contributions:3110
Dearest David.......what sort of dribble is that coming from your mouth?
Using cherry picked, band-aid data to try and prove your point was a good try......but considering that 1 in 10 people with a mortgage in the U.S. in in default.......I am thinking there are more than 10% of people who would buy that bull.
2000-2010 "Now is a Great Time to Buy"
Still wondering what year was the bad year to buy??
Using cherry picked, band-aid data to try and prove your point was a good try......but considering that 1 in 10 people with a mortgage in the U.S. in in default.......I am thinking there are more than 10% of people who would buy that bull.
2000-2010 "Now is a Great Time to Buy"
Still wondering what year was the bad year to buy??
- Dan, "the_country_hick"
- Contributions:4678
I am sure that only about 10% of those who lost money in the stock market have regrets also.
No one will admit to a stranger on the phone just how much they wish they had made another choice instead of buying.
No one will admit to a stranger on the phone just how much they wish they had made another choice instead of buying.
- broker_GRI
- Contributions:3454
Fairly vague article.
For those who have bought and have fixed rate mortgages...
Don't watch the housing "market", enjoy your home.
For those thinking of buying....
Take your time and make an informed decision. There is no rush.
For those who have bought and have fixed rate mortgages...
Don't watch the housing "market", enjoy your home.
For those thinking of buying....
Take your time and make an informed decision. There is no rush.
- Dunes....
- Contributions:3894
Let's take a look at these interesting Facts
1. Let's look at the results of this poll of 1001 people by phone...
a. Translated into hard numbers, the poll suggests that 6.75 million homeowners are unhappy and two million feel trapped in their homes because they cannot sell them in the current real estate markets. Link
2. Let's look at some other facts reported by NAR and others..(same link)
a. The market share of move-up buyers fell last year from 60 to 53 percent, according to the National Association of Realtors.
b. Last November Congress added a $6500 tax credit for existing homeowners to the $8000 credit for first-time buyers last November to provide an incentive to move-up buyers. The credit expired April 30 and reportedly significant numbers of move-up buyers could not take advantage of it because they were unable to sell their current residences or get financing for a new home. The Bankrate poll was conducted June 24 to June 27, nearly two months after the credit expired.
c. Another factor trapping homeowners in their current homes is their lack of equity and excess of debt. Some 11 million homeowners are underwater according to latest estimates, nearly 15 percent of all homeowners and 25 percent of those with mortgages.
"It's surprising - and reassuring - to hear 90 percent of homeowners say they don't regret the purchase of their current homes," said Greg McBride, CFA, senior financial analyst for Bankrate.com.
Yeah...I guess it would be surprising to hear 90
% of Homeowners don't..oh wait it's 90% of the 1001 we called
1. Let's look at the results of this poll of 1001 people by phone...
a. Translated into hard numbers, the poll suggests that 6.75 million homeowners are unhappy and two million feel trapped in their homes because they cannot sell them in the current real estate markets. Link
2. Let's look at some other facts reported by NAR and others..(same link)
a. The market share of move-up buyers fell last year from 60 to 53 percent, according to the National Association of Realtors.
b. Last November Congress added a $6500 tax credit for existing homeowners to the $8000 credit for first-time buyers last November to provide an incentive to move-up buyers. The credit expired April 30 and reportedly significant numbers of move-up buyers could not take advantage of it because they were unable to sell their current residences or get financing for a new home. The Bankrate poll was conducted June 24 to June 27, nearly two months after the credit expired.
c. Another factor trapping homeowners in their current homes is their lack of equity and excess of debt. Some 11 million homeowners are underwater according to latest estimates, nearly 15 percent of all homeowners and 25 percent of those with mortgages.
"It's surprising - and reassuring - to hear 90 percent of homeowners say they don't regret the purchase of their current homes," said Greg McBride, CFA, senior financial analyst for Bankrate.com.
Yeah...I guess it would be surprising to hear 90
% of Homeowners don't..oh wait it's 90% of the 1001 we called
- Anthony Frisone, "ajfrisone"
- Contributions:355
Interesting. For me I bought in 1997 with a fixed loan. If you bought in 2008 with a 5 year arm I'm sure your not as happy
Most Home Buyers Have No Regrets
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- 5.0/5.0
- (26 reviews)
Contributions:112The findings also revealed improved mortgage awareness, with only 8%of home owners in the dark about what type of loan they have -- down from 26% two years ago.
The poll of 1,001 randomly selected home owners in August showed that 79% had fixed-rate financing, and this type of mortgage was used by almost 90% of respondents who make more than $75,000.
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