I know I know….but doesn’t it seem like some of the bad news is starting to get crowded out by some of the positives lately.
Just last night I heard on KABC TV in LA that there is lots of proof that LA and Orange County real estate have hit bottom.
I looked all over for the video but cannot find it anywhere online. Meanwhile Zogby Aol just released a poll showing that over 50% of Americans believe that home ownership is still attainable for everyone.
- 31% of participants feel their home is worth more than it was a year ago
- 56% do not think their home will be worth less in five years
- 69% of Americans seeing real estate as a viable investment.
- If forced to sell their home today, 50% would buy another home rather than rent
- Almost 50% of Americans would seriously consider purchasing a home through a foreclosure listing.
- 67% of Americans surveyed turn to the Internet first when looking for a home.
These numbers are consistent with other recent findings. However, the disconnect is the trust in the American economy seems to still lag. So what comes first?
Other interesting findings: What are the Key Factors when searching for a home?
- Communities with low crime
- High-quality schools
- Recreational facilities
- Easy commute to work
One interesting take is that there is a significant percentage of respondents that indicated that they would pay a premium for a home if they could cut their drive time by half.