A substantial majority of both homeowners and current renters agree that owning a home is a smart decision over the long term. Thats according to the results of a National Association of REALTORS survey of 3,793 adults conducted online by Harris Interactive.
The American Attitudes About Homeownership survey found that in todays challenging economy, 95% of owners and 72% of renters believe that over a period of several years, it makes more sense to own a home. In addition, an overwhelming majority of homeowners are happy with their decision to own a home93% of owners surveyed would buy again.
Homeowners and renters agree that homeownership benefits individuals and families, strengthens our communities, and is integral to our nations economy, said NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I. The results of this survey illustrate just how important issues related to homeownership are to people in this country.
The survey uncovered some differences between homeowners and renters, as well. While more than half of owners are very or extremely satisfied with the overall quality of their family life, only one-third of renters report the same levels of satisfaction. Similarly, 43% of homeowners are very/extremely satisfied with their community life, compared with 30% of renters.
A majority of renters63%said it was at least somewhat likely that they would purchase a home at some point in the future. Among this group, young adults (18-29 years old) have the strongest aspirations for homeownership; only 8% of young adults said that it was not at all likely that they would purchase a home at some point in the future.
In todays market, many aspiring homeowners are faced with worries about job security and creditworthiness. Among renters who are very or extremely likely to buy a home in the future, three out of five consider confidence in job security and creditworthiness to be an obstacle. One point of agreement between renters and homeowners was support of the mortgage interest deduction (MID). Seventy-four percent of owners and 62% of renters say its extremely or very important that the MID remain in place.
At a time when the middle class is under increasing economic pressures, both homeowners and renters agree that the mortgage interest deduction should not be targeted for change, said Phipps. Given strong public support of and aspirations toward owning a home, we need to keep policies in place that support and encourage responsible, sustainable homeownership for our future.
This survey was conducted online within the U.S. and fielded October 6-20, 2010. A total of 3,793 adults 18 and older were surveyed, including 1,880 home owners, 1,115 renters, and 798 young adults. All samples came from the Harris Poll online database and were weighted for age, sex, race/ethnicity, education, region and household income to be representative of the U.S. general population of adults 18 and older. Propensity score weighting was also used to adjust for respondents propensity to be online.
For more information, visit www.realtor.org.
Jerry and Rachel Hsieh Realtors is a family-run, neighbor-centric team that is friendly and available! If you would like us to follow up with you, please call us at 310-228-8856 or jerry@kw.com and someone will touch base with you usually within 4 hours.
Jerry & Rachel Hsieh Real Estate Team - Keller Williams Realty in Los Angeles
IF YOU WANT THE LATEST INFORMATION ON THE LOCAL LOS ANGELES REAL ESTATE MARKET, FOLLOW THIS BLOG! FEEL FREE TO SEND OUR TEAM A REQUEST FOR ANY PROPERTY ON THE MARKET YOU'D LIKE TO VIEW BY CALLING US AT 310.623.1359. Our Cell: 424.242.8856 Email: jerryandrachel@newhomesLA.com DRE #: 01701809
Friday, February 25, 2011
Friday, January 14, 2011
Wilshire Vista Home Sales Update - Jan 2011
Dear Neighbors-
Here is the full list of homes sold and new on market for Dec 2010 through the first 2 weeks of 2011 in Wilshire Vista:
New Listings
1340 Hauser Blvd - 3BR/2BA - $535,000
In Escrow
1132 S. Curson Ave - 3BR/3BA - $895,000
SOLD
1203 S. Spaulding Ave - 3BR/2BA - $570,000
1308 S. Stanley Ave - 3BR/4BA - $1,125,000
1246 Hauser Blvd - 2BR/2BA - $699,000
1145 S. Curson Ave - 3BR/2BA - $845,000
1200 Hauser Blvd - 3BR/2BA - $700,000
1243 S. Sierra Bonita Ave - 3BR/2BA - $560,000
1159 S. Sierra Bonita Ave - 3BR/2BA - $800,000
1332 S. Orange Grove Ave - 3BR/2BA - $999,000
For further details about any of these properties or for a free market evaluation of your own home, feel free to call me anytime on my cell at 310-228-8856.
-Jerry
Here is the full list of homes sold and new on market for Dec 2010 through the first 2 weeks of 2011 in Wilshire Vista:
New Listings
1340 Hauser Blvd - 3BR/2BA - $535,000
In Escrow
1132 S. Curson Ave - 3BR/3BA - $895,000
SOLD
1203 S. Spaulding Ave - 3BR/2BA - $570,000
1308 S. Stanley Ave - 3BR/4BA - $1,125,000
1246 Hauser Blvd - 2BR/2BA - $699,000
1145 S. Curson Ave - 3BR/2BA - $845,000
1200 Hauser Blvd - 3BR/2BA - $700,000
1243 S. Sierra Bonita Ave - 3BR/2BA - $560,000
1159 S. Sierra Bonita Ave - 3BR/2BA - $800,000
1332 S. Orange Grove Ave - 3BR/2BA - $999,000
For further details about any of these properties or for a free market evaluation of your own home, feel free to call me anytime on my cell at 310-228-8856.
-Jerry
Friday, December 17, 2010
Foreclosure Activity Decreases 4 Percent in October 2010
RealtyTrac, a leading online marketplace for foreclosure properties, released its U.S. Foreclosure Market Report for October 2010, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 332,172 properties in October, a 4% decrease from the previous month and almost exactly the same total reported in October 2009. One in every 389 U.S. housing units received a foreclosure filing during the month.
“October marks the 20th consecutive month where over 300,000 U.S. homeowners received a foreclosure notice,” said James J. Saccacio, chief executive officer at RealtyTrac. “The numbers probably would have been higher except for the fallout from the recent ‘robo-signing’ controversy—which is the most likely reason for the 9% monthly drop in REOs we saw from September to October and which may result in further decreases in November.”
Foreclosure Activity by Type
A total of 100,575 U.S. properties received default notices (NOD, LIS) in October, a 2% decrease from the previous month and a 19% decrease from October 2009—the ninth straight month where default notices have decreased on a year-over-year basis.
Default notices were still up on a monthly basis in several states: Florida LIS were up 2% from the previous month; Ohio LIS were up 10%; and Illinois LIS were up 24%. Meanwhile, NODs decreased on a monthly basis in California (down 9% from the previous month), Nevada (down 17%), and Michigan (down 18%).
Foreclosure auctions (NTS, NFS) were scheduled for the first time on a total of 138,361 U.S. properties in October, a 3% decrease from the previous month but still a 6% increase from October 2009. Scheduled auctions decreased month-over-month in 26 states and the District of Columbia, while 16 states posted year-over-year decreases in scheduled auctions.
Lenders foreclosed on 93,236 U.S. properties in October, down 9% from the record high in the previous month but still up 21% from October 2009. Bank repossessions (REOs) decreased month-over month in 33 states and the District of Columbia, while 14 states posted year-over-year decreases in REOs. Including October, lenders have foreclosed on an average of more than 91,000 properties each month this year.
Nevada, Florida, Arizona post top state foreclosure rates
Nevada continued to document the nation’s highest state foreclosure rate in October, with one in every 79 housing units receiving a foreclosure filing during the month—nearly five times the national average. A total of 14,205 Nevada properties received a foreclosure filing during the month, a decrease of 13% from the previous month but an increase of nearly 3% from October 2009—the first year-over-year increase in Nevada foreclosure activity since September 2009.
Florida foreclosure activity increased on a year-over-year basis for the second straight month following five straight months of annual decreases, helping the state to maintain the nation’s second highest state foreclosure rate for the third month in a row. One in every 155 Florida housing units received a foreclosure filing during the month, 2.5 times the national average.
One in every 165 Arizona housing units received a foreclosure filing in October, the nation’s third highest state foreclosure rate for the third month in a row. A total of 16,538 Arizona properties received a foreclosure filing during the month, a decrease of 3% from the previous month but an increase of nearly 24% from October 2009—the second straight month where the state’s foreclosure activity increased on a year-over-year basis following seven straight months of annual decreases in foreclosure activity.
Other states with foreclosure rates ranking among the top 10 in October were California, Michigan, Utah, Georgia, Idaho, Illinois and Colorado.
Five states account for more than 50 percent of national total
California alone accounted for 20% of the national total in October, with 66,475 properties receiving a foreclosure filing during the month—a nearly 12% decrease from the previous month and a decrease of 22% from October 2009.
A total of 56,858 Florida properties received a foreclosure filing in October, the nation’s second highest state total and accounting for 17% of the national total.
With 19,288 properties receiving a foreclosure filing in October, Michigan posted the nation’s third highest state foreclosure activity total and accounted for nearly 6% of the national total. Michigan foreclosure activity decreased nearly 12% from the previous month but was still up 17% from October 2009.
Foreclosure filings were reported on 16,969 Illinois properties and 16,538 Arizona properties in October, with each state accounting for roughly 5% of the national total.
Other states with foreclosure activity totals among the nation’s 10 highest in October were Georgia (14,850), Nevada (14,205), Ohio (13,233), Texas (13,008), and Washington (6,346).
Top 10 metro foreclosure rates in Nevada, California and Florida
Foreclosure activity in Las Vegas-Paradise, Nev., increased less than 1% from October 2009 and the metro area continued to post the highest foreclosure rate among metropolitan areas with a population of 200,000 or more—one in every 70 housing units received a foreclosure filing during the month. Reno-Sparks, Nev., also documented a foreclosure rate in the top 10, at No. 9 with one in every 122 housing units receiving a foreclosure filing in October.
With one in every 96 housing units receiving a foreclosure filing in October, Cape Coral-Fort Myers, Fla., posted the nation’s second highest metro foreclosure rate for the month. Other Florida metro areas with foreclosure rates in the top 10 were Miami-Fort Lauderdale-Pompano Beach at No. 7 and Orlando-Kissimmee at No. 10.
Modesto, Calif., posted the nation’s third highest metro foreclosure rate, with one in every 102 housing units receiving a foreclosure filing in October. Other California metro areas with foreclosure rates in the top 10 were Riverside-San Bernardino-Ontario at No. 4, Stockton at No. 5, Merced at No. 6, and Vallejo-Fairfield at No. 8.
All top 10 metro areas posted month-over-month decreases in foreclosure activity, and seven of the top 10 posted year-over-year decreases in foreclosure activity.
For more information, visit www.RealtyTrac.com.
“October marks the 20th consecutive month where over 300,000 U.S. homeowners received a foreclosure notice,” said James J. Saccacio, chief executive officer at RealtyTrac. “The numbers probably would have been higher except for the fallout from the recent ‘robo-signing’ controversy—which is the most likely reason for the 9% monthly drop in REOs we saw from September to October and which may result in further decreases in November.”
Foreclosure Activity by Type
A total of 100,575 U.S. properties received default notices (NOD, LIS) in October, a 2% decrease from the previous month and a 19% decrease from October 2009—the ninth straight month where default notices have decreased on a year-over-year basis.
Default notices were still up on a monthly basis in several states: Florida LIS were up 2% from the previous month; Ohio LIS were up 10%; and Illinois LIS were up 24%. Meanwhile, NODs decreased on a monthly basis in California (down 9% from the previous month), Nevada (down 17%), and Michigan (down 18%).
Foreclosure auctions (NTS, NFS) were scheduled for the first time on a total of 138,361 U.S. properties in October, a 3% decrease from the previous month but still a 6% increase from October 2009. Scheduled auctions decreased month-over-month in 26 states and the District of Columbia, while 16 states posted year-over-year decreases in scheduled auctions.
Lenders foreclosed on 93,236 U.S. properties in October, down 9% from the record high in the previous month but still up 21% from October 2009. Bank repossessions (REOs) decreased month-over month in 33 states and the District of Columbia, while 14 states posted year-over-year decreases in REOs. Including October, lenders have foreclosed on an average of more than 91,000 properties each month this year.
Nevada, Florida, Arizona post top state foreclosure rates
Nevada continued to document the nation’s highest state foreclosure rate in October, with one in every 79 housing units receiving a foreclosure filing during the month—nearly five times the national average. A total of 14,205 Nevada properties received a foreclosure filing during the month, a decrease of 13% from the previous month but an increase of nearly 3% from October 2009—the first year-over-year increase in Nevada foreclosure activity since September 2009.
Florida foreclosure activity increased on a year-over-year basis for the second straight month following five straight months of annual decreases, helping the state to maintain the nation’s second highest state foreclosure rate for the third month in a row. One in every 155 Florida housing units received a foreclosure filing during the month, 2.5 times the national average.
One in every 165 Arizona housing units received a foreclosure filing in October, the nation’s third highest state foreclosure rate for the third month in a row. A total of 16,538 Arizona properties received a foreclosure filing during the month, a decrease of 3% from the previous month but an increase of nearly 24% from October 2009—the second straight month where the state’s foreclosure activity increased on a year-over-year basis following seven straight months of annual decreases in foreclosure activity.
Other states with foreclosure rates ranking among the top 10 in October were California, Michigan, Utah, Georgia, Idaho, Illinois and Colorado.
Five states account for more than 50 percent of national total
California alone accounted for 20% of the national total in October, with 66,475 properties receiving a foreclosure filing during the month—a nearly 12% decrease from the previous month and a decrease of 22% from October 2009.
A total of 56,858 Florida properties received a foreclosure filing in October, the nation’s second highest state total and accounting for 17% of the national total.
With 19,288 properties receiving a foreclosure filing in October, Michigan posted the nation’s third highest state foreclosure activity total and accounted for nearly 6% of the national total. Michigan foreclosure activity decreased nearly 12% from the previous month but was still up 17% from October 2009.
Foreclosure filings were reported on 16,969 Illinois properties and 16,538 Arizona properties in October, with each state accounting for roughly 5% of the national total.
Other states with foreclosure activity totals among the nation’s 10 highest in October were Georgia (14,850), Nevada (14,205), Ohio (13,233), Texas (13,008), and Washington (6,346).
Top 10 metro foreclosure rates in Nevada, California and Florida
Foreclosure activity in Las Vegas-Paradise, Nev., increased less than 1% from October 2009 and the metro area continued to post the highest foreclosure rate among metropolitan areas with a population of 200,000 or more—one in every 70 housing units received a foreclosure filing during the month. Reno-Sparks, Nev., also documented a foreclosure rate in the top 10, at No. 9 with one in every 122 housing units receiving a foreclosure filing in October.
With one in every 96 housing units receiving a foreclosure filing in October, Cape Coral-Fort Myers, Fla., posted the nation’s second highest metro foreclosure rate for the month. Other Florida metro areas with foreclosure rates in the top 10 were Miami-Fort Lauderdale-Pompano Beach at No. 7 and Orlando-Kissimmee at No. 10.
Modesto, Calif., posted the nation’s third highest metro foreclosure rate, with one in every 102 housing units receiving a foreclosure filing in October. Other California metro areas with foreclosure rates in the top 10 were Riverside-San Bernardino-Ontario at No. 4, Stockton at No. 5, Merced at No. 6, and Vallejo-Fairfield at No. 8.
All top 10 metro areas posted month-over-month decreases in foreclosure activity, and seven of the top 10 posted year-over-year decreases in foreclosure activity.
For more information, visit www.RealtyTrac.com.
Saturday, December 11, 2010
Picfair Village/Faircrest Heights Home Sales Update - Nov/Dec 2010
Hi All-
Here is the full list of homes sold and new on market for Nov-Dec 2010 in Picfair Village/Faircrest Heights:
New Listings
6101 Pickford Place - 2BR/1BA - $425,000
1806 S. Orange Grove - 4BR/3BA - $979,000
In Escrow
1569 S. Burnside Drive - 3BR/2BA - $359,000
1502 S. Dunsmuir Ave - 3BR/2BA - $429,000
1959 Stearns Drive - 3BR/2BA - $729,000
1435 Stearns Drive - 3BR/2BA - $635,000
1501 Stearns Drive - 3BR/2BA - $800,000
5311 Saturn St - 2BR/1BA - $435,000
SOLD
1521 S. Curson Ave - 2BR/1BA - $419,000
1629 Ellsmere Ave - 2BR/1Ba - $382,500
1451 S. Burnside Ave - 2BR/1BA - $565,000
For further details about any of these properties or for a free market evaluation of your own home, feel free to call me anytime on my cell at 310-228-8856.
-Jerry
Here is the full list of homes sold and new on market for Nov-Dec 2010 in Picfair Village/Faircrest Heights:
New Listings
6101 Pickford Place - 2BR/1BA - $425,000
1806 S. Orange Grove - 4BR/3BA - $979,000
In Escrow
1569 S. Burnside Drive - 3BR/2BA - $359,000
1502 S. Dunsmuir Ave - 3BR/2BA - $429,000
1959 Stearns Drive - 3BR/2BA - $729,000
1435 Stearns Drive - 3BR/2BA - $635,000
1501 Stearns Drive - 3BR/2BA - $800,000
5311 Saturn St - 2BR/1BA - $435,000
SOLD
1521 S. Curson Ave - 2BR/1BA - $419,000
1629 Ellsmere Ave - 2BR/1Ba - $382,500
1451 S. Burnside Ave - 2BR/1BA - $565,000
For further details about any of these properties or for a free market evaluation of your own home, feel free to call me anytime on my cell at 310-228-8856.
-Jerry
Monday, November 22, 2010
Picfair Village/Faircrest Heights Home Sales Update - October 2010
Hi All-
Here is the full list of homes sold and new on market for Oct-Nov 2010 in Picfair Village/Faircrest Heights:
New Listings
1963 S. Crescent Heights Blvd - 3BR/2BA $729,000
1839 S. Crescent Heights Blvd - 3BR/2BA $599,000
5995 Saturn St - 2BR/1BA - $799,000
6101 Pickford Place - 2BR/1BA - $425,000
1806 S. Orange Grove - 4BR/3BA - $979,000
In Escrow
1917 Chariton St - 3BR/1.5BA - $499,000
1501 Stearns Drive - 3BR/2BA - $800,000
SOLD
1521 S. Curson Ave - 2BR/1BA - $419,000
5984 Saturn St - 3BR/2BA - $727,000
1451 S. Burnside Ave - 2BR/1BA - $565,000
For further details about any of these properties or for a free market evaluation of your own home, feel free to call me anytime on my cell at 310-228-8856.
-Jerry
Here is the full list of homes sold and new on market for Oct-Nov 2010 in Picfair Village/Faircrest Heights:
New Listings
1963 S. Crescent Heights Blvd - 3BR/2BA $729,000
1839 S. Crescent Heights Blvd - 3BR/2BA $599,000
5995 Saturn St - 2BR/1BA - $799,000
6101 Pickford Place - 2BR/1BA - $425,000
1806 S. Orange Grove - 4BR/3BA - $979,000
In Escrow
1917 Chariton St - 3BR/1.5BA - $499,000
1501 Stearns Drive - 3BR/2BA - $800,000
SOLD
1521 S. Curson Ave - 2BR/1BA - $419,000
5984 Saturn St - 3BR/2BA - $727,000
1451 S. Burnside Ave - 2BR/1BA - $565,000
For further details about any of these properties or for a free market evaluation of your own home, feel free to call me anytime on my cell at 310-228-8856.
-Jerry
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