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The Latest on Home Buying

According to RealtyTimes.com, an estimated two million people are going to purchase homes once the economy gets better. Time and time again, across many surveys and in various reports, Americans respond to homeownership in a positive way, placing a lot of value owning their own place. 89% of owners and 59% of renters feel homeownership is important to the American family and 87% of owners and 73% of renters feel it’s an economic cornerstone. This according to Hanley Wood’s housing 360 Survey.

The U.S. Bureau of Statistics also found that housing including shelter, household operations, utilities and a few other things encompass 40% of the Consumer Price Index.

There are various statistics on whether or not it’s a good time to buy now. One in three renters and one in five homeowners say it is. They say they plan to buy and move into a new home in the next two years. This according to the same survey mentioned above.

The Hanley Wood’s housing 360 Survey also found that 29% of existing homeowners and 12% of renters prefer to purchase a new home. 34% of owners and 41% of renters prefer to buy an existing home. The difference is that those who rather buy new rather not deal with repairs and expect less maintenance. The ones who prefer old, rather get a good deal and live in an existing community.

The West Palm Beach movers also found out that people (42% of owners) generally think it’s a great time to remodel.

If you plan to buy a home and move in the near future, make sure you hire professional local movers like All My Sons of West Palm Beach. We’re part of a big network of reputable movers known as All My Sons Moving and Storage that has moving offices across many states in America including in places such as Nashville, Salt Lake City, Jacksonville, Birmingham and Atlanta. When you’re dealing with reputable movers, you can expect the very best in customer service, knowledge of the moving industry as well as an affordable price with great value. The local West Palm Beach moving specialists will quilt pad wrap your furniture and transfer your personal belongings safely onto our moving trucks, ensuring you on-time delivery. Trust the local All My Sons of West Palm Beach movers for your next moving trip!

We thank RealtyTimes for their informative statistics and reporting.