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General Real Estate News & Views
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INSULTS AND INJURY FOR RENTERS
(Wall Street Journal) - One of the few bright spots in times of crisis is the way certain things become cheaper. With 30-year fixed mortgage rates and house prices down sharply from their pre-crisis peaks, for example, buying a home has become feasible for millions of Americans. For renters, though, the situation has only gotten worse.
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ADMINISTRATION'S SCORECARD SHOWS HOUSING PRICES LEVEL
The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the Treasury have released the August edition of the Obama Administration’s Housing Scorecard, a comprehensive report on the nation’s housing market.
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HOMEOWNERS BAND TOGETHER TO GO SOLAR
(USA TODAY) - Nancy Arntson spent a year thinking about installing solar panels at her Salem, Oregon home. It wasn’t until her neighbors decided to take the plunge together—generating significant savings—that she made up her mind to do it.
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Homeowners are more active in their communities, benefit from improved education opportunities, and report higher levels of self-esteem and happiness when compared to renters, according to leading research. A new report from the National Association of Realtors®, Social Benefits of Homeownership and Stable Housing, explores the impact of stable housing and the positive social outcomes resulting from homeownership.
NAR's study identifies research from government, industry and academia that identified the relationship between homeownership and stable communities. Homeowners move far less frequently than renters, and therefore are embedded into the same neighborhood and community for longer. This allows for social cohesion, ultimately resulting in social benefits and stronger communities.
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Mary Jane DiMichele
ABR, CRS, E-Pro, GRI, SRES McColly Real Estate Office: 219-934-6318 x 239 contactwebsite
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