ReMax Free Property Finder Homes For Sale

• FREE PROPERTY HOME FINDER

  FREE PROPERTY HOME FINDER AT: WWW.HOMESBYSTEVIED.COM
  
           
             WWW.HOMESBYSTEVIED.COM
  "Stevie D." ReMax Real Estate Services: Homes* Buying * Selling * Investing * Relocation * Residential * Commercial * Call (630) 479-9479
  
  FREE PROPERTY HOME FINDER AT:  WWW.HOMESBYSTEVIED.COM

Homeowner Investments to Boost Economy in 2013

    Homeowner Investments to Boost Economy in 2013

After a downturn in spending on home renovations, homeowners across North America have once again been bitten by the renovation bug. And this bodes well for the economy as a whole in 2013.
Residential investment – including construction and remodeling – is expected to add almost three-tenths of a percent to the U.S. gross domestic product (GDP) in 2013. And, according to the Joint Center for Housing Studies at Harvard University, Americans will likely spend upward of $134 billion by June 2013, up from $115 billion recorded in September 2012. The peak of renovation activity across the U.S. occurred in 2007, when it was 8% higher than that predicted for 2013.
However, even more telling is the impact the entire housing sector has on the economy as a whole. Studies indicate a robust housing industry boosts consumer spending – and consumer expenditures constitute two-thirds of the U.S. economy.
In fact, reports suggest that U.S. consumers are beginning to feel positive again. This is reflected in increases not only in remodeling projects, but also in the purchase of investment furniture.
Homeowners are also looking for changes to their homes that will make their lives easier. Busy families may consider adding a deck, but they’ll likely be looking for low-maintenance decking; some will replace traditional lawns with easy-to-maintain grasses or ground covers.
Many homeowners have downsized to smaller houses where storage is at a premium, so renovations to improve storage capacity will become increasingly popular. Part of this trend is a move toward multifunctional rooms and renovations that can be considered investments in the future.
While aging at home may not yet be a concern to boomer homeowners, most have seen their parents renovate to enable them to continue to live at home. This type of renovation has a future and will grow significantly in the next few years.
  
   Call "Stevie D." at ReMax  630 - 479 - 9479 for All of Your Real Estate needs.

Over 50% of Americans Expect Home Prices to Climb

Fannie: Over 50% of Americans Expect Home Prices to Climb, First Time in Survey's History

More than half of Americans now expect the country's home prices to climb within the next year, illustrating a growing optimism toward the health of the housing industry, according to new data by mortgage-finance company Fannie Mae (FNMA).

"For the first time in the survey's three-year history, the majority of Americans surveyed now expect home prices to increase," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "Crossing the 50% threshold marks a significant milestone as most Americans believe a housing recovery is truly occurring throughout the country."

The share of respondents polled in Fannie's April housing survey who expect home prices to go up rose three percentage points in April to 51%. At the same time last year, only 32% expected an increase in home prices.

The share of respondents who say now is a good time to sell climbed four percentage points in April to 30% compared with 15% at the same time last year.

According to the survey's results, the average 12-month home-price-change expectation held steady at 2.7%. The share of respondents who say mortgage rates will go up fell three percentage points to 43%, while those who say they will go down increased slightly to 7%.

The share of respondents who say the economy is on the right track increased four percentage points over March to 39%.

Fannie's national housing survey polled 1,001 Americans via live telephone interview to assess their attitudes toward owning and renting a home, home and rental price changes, homeownership distress, the economy, household finances, and overall consumer confidence.
                        For All of Your Real Estate Needs Contact : 
                            "Stevie D." : 630 ~ 479 ~ 9479