A Positive Outlook for Real Estate by:Steve Teta
To receive more information and your FREE report entitled How To Buy A Wholesale
Deal Without Taking A Bath go to: http://www.stswholesaledeals.com/There is one word to describe the current housing market: optimistic. Despite months of hearing about a housing bubble and rising mortgage rates, the outlook for real estate is good.
The worries of a bursting real estate bubble actually seem to be low among homeowners. In a national survey conducted by ING Direct, most individuals experienced some growth in their home value in the past 12 months. The average increase was approximately 6%, with owners in New England and Pacific states having the largest growth. The values of homes in south central states remained about the same.
Most homeowners do not seem concerned about a downturn in the real estate housing market. Almost 74% of the individuals surveyed, who have owned their homes for more than three years, remained optimistic about the value of their home.
The 30-year fixed rate mortgage is at its highest point in four years. However, as it hovers at 6 percent, it is still a relatively low rate compared to the exceedingly high rates of the late 1980s when mortgage rates increased to over 10%.
According to Freddie Mac, there are indications of a strong economy, which is why mortgage rates have increased lately. Consumer confidence is on the rise and existing home sales is also on the upswing. This can be attributed to a positive labor market. As most people know, healthy employment leads to greater consumer spending.
Consumer perception is everything. With the continued view that real estate is a good investment, people will continue to buy and sell houses. This will bode well for home buyers, home sellers, real estate salespeople, mortgage lenders and just about anyone related to the real estate industry.
About the author
Steve Teta is the owner and Founder of STS Real Estate Solutions, LLC and is an active real estate investor and wholesaler. To receive more information and your FREE report entitled How To Buy A Wholesale Deal Without Taking A Bath go to: http://www.stswholesaledeals.com/ A Real Estate Formula by:Steve Teta The 5 Step Process of Buying a Real Estate Deal by:Steve Teta Top 3 Ways to Improve Your Work/Life Balance while Growing Your Business by:Victor Mataraso Ultimate Scaffolding Report by:Daniel Fincham Introduction to International Background Screening of Job Candidates by:Lester S Rosen Lloyds Banking Group Launches New Mortgage Scheme For First-Time Buyers Mortgage Advice by:Mark Aucamp Forex Trading Platforms And Forex by:Phil Jarvie Small Businesses Arent The Stimulus Answer by:Ronn Torossian LBC, The King of Delivery Service by:Timothy Gomez LBC Delivering Withing 24 Hours by:Timothy Gomez Letters In Safe Hands by:Timothy Gomez The Joy Of Opening A Balikbayan Box by:Timothy Gomez An Express Regalo From LBC by:Timothy Gomez