First-Time Home Buyers don’t foresee Payment Problems


 

First time HomebuyersProspective homebuyers cite worries about future unemployment, concerns about property affordability, and the local economic outlook as issues that hold them back from jumping into the market, according to an industry survey commissioned by Genworth.

 

But the Virginia-based mortgage insurer says these economic concerns have not translated into excessive mortgage stress among recent U.S. homebuyers. According to the survey, 87 percent of Americans who bought their first home in the past 12 months expect to easily meet their mortgage repayment obligations in the coming year.

 

Genworth’s new International Mortgage Trends Report, based on a global survey of current and aspiring homebuyers, is aimed at gaining local insight into key world markets. More than 9,000 respondents were interviewed from Australia, Canada, India, Ireland, Italy, Mexico, the United Kingdom, and the United States.

 

The company says the U.S. is the most optimistic among all the markets surveyed about buying a home. According to the findings, nearly two-thirds of Americans polled believe now is a good time to buy a home.

 

Genworth says indebtedness colors how households around the world view their financial situation and how they approach buying a home. Western countries tended to have higher levels of debt, but were alsomore comfortable taking on debt.

 

Of the many factors that influence the decision to buy a home, consumer confidence is one of the most important. The company’s survey found that homebuyer confidence has eroded due to property market instability and worries about personal finances, leading consumers to adopt a wait-and-see attitude. Still, nearly two-thirds of Americans surveyed believe now is a good time to buy a home for those who can afford it. Source: Carrie Bay, DSNews.com

Looking for a Home in Beautiful Southwest Florida, just call Lilo at 239-699-0142 or email:  Liloc@att.net
You can also visit my Website at http://www.LiloRealtor.com

 

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About Lilo Realtor

With over a decade of industry experience, Lilo Clacher is proud to represent Cape Coral/Lee County FL . With a degree and previous career in interior design, Lilo understands the importance of the entire package her clients are receiving. Lilo has a passion for real estate and a passion for taking care of her clients. She understands that for many they are making the biggest investment of their lives, and therefore she endeavors to make their experience in buying or selling as easy and comfortable as possible. With an impressive repeat and referral rate of 90 percent, it is clear that her clients appreciate the dedication she puts in to every real estate transaction. In addition to being fluent in German and Swedish, Lilo has received numerous awards for excellence in real estate. She received the 2000,2001 and 2002 Excellence Award for being a multi-million dollar producer, as well as the 2003 and 2004 Platinum Award, Diamond Award 2005, 2006. Multi million Dollar producer in 2007, 2008, 2009 She also received the Designation e-PRO Endorsed by the National Association of REALTORS®, for being an internet savvy realtor, for knowing how to work with the 87% of clients, starting seeking Real Estate per Internet. Lilo received the Designation for Short Sales, Foreclosures and Home modefication loans, helping homeowners to keep there home. In her free time, Lilo enjoys boating, diving, Horsebacriding, Gardening and catching up on her reading.
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