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Sparked Interest Among Young Americans to Buy a Home This Year.

As 2013 progresses and the real estate market steadily improves, we may be seeing more homes sold to an unexpected group of customers – the young people of America. There are increasing numbers of young Americans who are showing strong interest in purchasing a home of their own this year, as shown by a survey conducted by the market research firm of Harris Interactive.

Starting on April 18, 2013 and ending on April 22nd, the online survey was taken by 2,064 U.S. adults ages 18 and older. Conducted after the federal tax filing deadline, this is the time when Americans typically have a clearer view of their finances. According to the survey, a total of 41 percent of Americans between the ages of 18 and 34 (46 percent men and 36 percent women) are interested in buying a home this year. Within that same 18-34 age group who show an interest, 17 percent of men and 6 percent of women see their finances as shaky but still think they can swing buying a home this year.

Across all age groups, 30 percent of Americans are interested in buying a home in the next coming year. Also, among that same combined group, 10 percent of men and 4 percent of women said their finances were shaky but still think they can swing buying a home.

This is great news for real estate agents and professionals because it shows the positive impact that the growing real estate market is making on the willingness of young Americans to go out and buy a home, ultimately giving you new prospects and leads to build your business.

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Real Estate Rates the Market – What Does This Mean to Buyers and Sellers?

by Rebecca Chandler

English: Symbol "thumbs up", great

In April 2013, The Real Estate Book asked a group of real estate professionals across the U.S. about trends they see in their local markets.   Here’s some of what we heard.

While listing inventory was down, many said that sales activity and prices were up.   For sellers, this is very positive news.  For buyers, this means they should consider buying sooner versus later when prices may have climbed even more.

Real estate professionals see these trends continuing through 2013.  When rating their overall outlook for the 2013 market, on a scale of 0-5, with 5 being “excellent,” respondents presented an average of 3.65.  I’d call that a B+.  Here are some of the details of our survey.

Which of the following are the biggest challenges for your personal business today? (choose all that apply)

  • 54% – Low listing inventory
  • 37% – Lending restrictions
  • 22% – Fewer buyers

Which of the following have increased in your market in 2013? (choose all that apply)

  • 59% – Sales activity
  • 43% – Sales prices
  • 33% – First time home buyer activity
  • 29% – Activity in the upper price ranges
  • 20% – Investor activity
  • 13% – Listing inventory

How do you rate your outlook on the market in 2013?

  • 14% – Excellent
  • 50% – Good
  • 24% – Average
  • 12% – Poor
  • 0% – Very Poor

While real estate is a very locally impacted industry and all markets are unique, overall sentiment is positive.

Contact a local real estate professional in your area for local details.

 

 

Survey conducted by NewPoint Media Group in April 2013 – 123 respondents.

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A Little Tax Humor

You may be excited about getting a tax return . . . until you realize it was your money to begin with . . . .

MoneyMoney (Photo credit: 401(K) 2013)

 

“I’m not going to pay taxes. When they say I’m going to prison, I’ll say no, prisons cost taxpayers a lot of money. You keep what it would have cost to incarcerate me, and we’ll call it even.” –Jimmy Kimmel

 

JailJail (Photo credit: D Services)

“The U.S. Senate is considering a bill that would tax Botox. When Botox users heard this, they were horrified. Well, I think they were horrified. It’s difficult to tell.” –Craig Ferguson

 

 

“It would be nice if we could all pay our taxes with a smile, but normally cash is required.”

– Anonymous 

 

A cartoon 'smiley' looking up to the top right...Surprise! (Photo credit: Wikipedia)

 

 

 What are you doing reading this?  Shouldn’t

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