The Dream of Homeownership – even for youngsters 

In a recent article published by US News, the dream of homeownership is still alive, even for youngsters.

“Nearly seven in 10 Americans between the ages of 18 and 29 don't currently own a home, but plan to make the big purchase within the next 10 years, according to Gallup. Less than 10 percent of respondents in that age group said they have no plans to buy a home in the future.

Due to a large number of foreclosures across the United States, homeownership dropped from nearly 70 percent of all Americans in 2004 to approximately 61 percent today. However, in recent polls, more than 80 percent of Americans say they will continue to own a home or plan to buy in the next ten years.

The dream of homeownership is full of potential – from quality of life, to tax incentives, to long-term wealth building. With property values on the rebound in our Phoenix market, now is a better time to consider a purchase, than later. Home prices in the metro Phoenix area, went up on average 25 percent in the last twelve months. Although good news for the overall economy, it might not be good news for buyers who are sitting on the fence. If you want to own a home, now is the time to act – why not make your dream of homeownership a reality today? Call the Russo Team – we can help you find a great deal in today’s market. 602-864-1200.

To read the full article published by US News, please click here.