Friday, November 18, 2011

Industry Facts & Figures

I don't think you will find these being reported too often.
81% of Americans and 55% of Canadians view real estate as a good investment.
78% of Americans and 46% of Canadians feel that housing prices will hold steady or increase over the next 12 months.
80% is the percentage of major U.S. Cities where its cheaper to buy a home than rent.
25% of young American and 43% of young Canadians plan to buy a home in the next two years.
In 2010 15 million renter households were qualified to buy a median priced home compared to just 7.7 million in the year 2005.
Housing affordability remains high in American and most Canadian markets; in the U.S. it reached its hightest level in 20 years in late 2010.
95% of homeowner are happy they decided to buy a home.
First time home buyers comprise 35% of home sales in the U.S. and 50% of home sales in Canadia.
67% of first-time homebuyers said the market granted them the opportunity to purchase a home sooner than expected.
50% found a home in a better neighborhood than expected.
61% purchased their home at a better price than expected.
43% locked into a lower interest rate than expected.
69% of Americans and 55% of Canadians say that now is the best time to buy a home.

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