What factor has kept you from buying your first home? Is it your credit? Down payment? Are have you taken the time explore all your options?
According to Trulia: Winter Rent vs. Buy report, Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas.
According to the Zillow Housing Confidence Index, “15 percent of current renters in metro Phoenix want to buy a home within the next year. That’s higher than the national average of 10 percent” with the Valley’s overall housing confidence index is 66.7 percent, higher than the national figure of 63.7 percent, according to the first Zillow Housing Confidence Index. More than 300,000 people nationwide were polled for the inaugural index.
Home Buying Confidence Report
People in metro Phoenix are more confident about the area’s housing market than people living in most other parts of the U.S.
A new index tracking how residents of the country’s largest metro areas feel about buying or owning a home has been produced by real estate research firm and brokerage Zillow.
The Valley’s overall housing confidence index is 66.7 percent, higher than the national figure of 63.7 percent, according to the first Zillow Housing Confidence Index. More than 300,000 people nationwide were polled for the inaugural index.
Phoenix Housing Market Recovery
For the housing market to continue its recovery, it is critical that homes are both available and remain affordable to meet the strong demand these survey results are predicting, particularly from first-time homebuyers,” said Stan Humphries, Zillow chief economist.
Even after a wrenching housing recession, this data shows that the dream of homeownership remains very much alive and well, even in those areas that were hardest hit.
Buying A Home Can Be Cheaper Than Renting
Let the Logan Hall Homes team help you through the buying process. We are a here as a resource that want to hear about your personal situation to find the best solution for you and your family. Everyone has a different financial situation, but in our experience most renters are surprised to learn that buying is in fact be cheaper than renting when they are qualified for loan working with a real estate professional.