According to a recent survey by LendingTree, 79% out of 1,060 homeowners believe home-ownership remains an essential part of the American Dream. Also 76% were confident they could sell their current home that if they wished to purchase a new home in the future, and that they could get a mortgage and afford a down-payment despite the recent recession. Of those surveyed 19% are postponing a home purchase or sale because of a weak housing market and a little more than half believe the housing market will take 12 months or less to recover.
When it comes to home loan refinancing consumer confidence is even stronger. Of those surveyed 89% were confident they’ll be able to refinance their mortgage, with only 11% uncertain. One in three had already refinanced a current mortgage, 28% plan to do so and a remaining third are unsure of their plans.
Throughout the years I have helped many friends and clients purchase or sell property throughout Miami & the surrounding area. If you are interested in purchasing or selling a home, please contact me as I can give some first-hand sound advice with no pressure. Please send me an email at [email protected] or call me at 305-992-6188. Click Here to Get Miami Real Estate and Beyond by Carol Pawley delivered by email