This Month in Real Estate (US) November 2011

Posted under REAL ESTATE by admin

http://www.kw.com NOVEMBER Hello and welcome to This Month in Real Estate. I’m JAY PAPASAN.

Our top story: what kinds of homes are first time homebuyers looking for? We’ll have the answer in a moment.

But first, the numbers.
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And now, our top story. According to a recent report from KW research …

• Over half of all first time home buyers stayed in the same area where they were renting
• More than three quarters of all first time home buyers purchased a single family detached home
• Most first time home buyers purchased a three bedroom and two bath home

For tips on buying right the first time, we turn to News You Can Use …

NEWS YOU CAN USE

When it comes to the decision between buying or renting, some renters think they simply can’t afford a mortgage. The reality is if you’re renting, you are already paying a mortgage — it just happens to be your landlord’s, not your own.

Here are three secrets of homeownership that your landlord doesn’t want you to know …

Number 1: Equity. You can build wealth through equity. Think of equity as a long-term savings account. Every month you pay your mortgage, a portion of that mortgage goes into that account.

Number 2: Appreciation. You can build even more equity though appreciation. Think of appreciation as the interest your home earns over time.

Number 3: Control. A home that’s yours means you won’t need your landlord’s permission to paint, renovate and make it a home of your own.

If you’re ready to stop paying your landlord’s mortgage and start building your own wealth, talk to your real estate professional.
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That’s all for This Month in real estate. Thank you for joining us.

Duration : 0:2:15

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