Harvard: Homeownership Still the American Dream

September 11, 2013

ImageA big question facing the real estate industry over the last few years is how the housing crisis would impact the public’s belief in homeownership as a major component of the American Dream. Many felt the tragedy experienced by so many families would force them to reconsider their desire to ever be a homeowner again.

A recent study by the Joint Center for Housing Studies at Harvard University addressed this question. Their paper, Reexamining the Social Benefits of Homeownership after the Housing Crisis, revealed some interesting findings:

Homeownership Still Preferred Over Renting

“Even after the dramatic loss of equity and the high foreclosure rates, the early evidence suggests that people seem to believe that, over the long run, owning is still preferable to renting…The long term cultural preference for owning seems to have weathered the recent housing crisis.”

Americans Still Expect to be Homeowners

“The research on home-buying expectations supports the conclusion that very large percentages of Americans still expect to buy a home at some time in the future.”

Younger Americans More Desirous of Homeownership

“Moreover, the finding that younger renters and owners are more likely than their older counterparts to expect to own bodes well for the future of the housing market.”

Even after one of the most difficult decades in this country’s real estate history, the belief that homeownership is a part of the American Dream still lives on.

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Stylecraftbuilders.com

**Stylecraft Builders is an affordable New Home Builder in Central Texas. We are currently building in Brenham, Bryan, College Station, Conroe, Huntsville, Navasota, Killeen and Fort Hood, and Waco, Texas. **

Feel Free to Contact me Tanner Brewster the Online Sales Consultant for Stylecraft Builders:

Cell – 1-866-977-0998

tabrewster@stylecraft-builders.com

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Siena – Grand opening for new Bryan, Texas community

October 12, 2011

*** Grand Opening will be on October 18, 2011 ***

 

At Stylecraft Builders, we’re getting ready to launch a brand new community in Bryan, Texas! Siena will give homeowners the luxury of moving into a neighborhood on the rise—literally. The homes—which will range from 1,100 to more than 2,000 square feet—will reflect French Country and Tuscan style designs, with each one built to Stylecraft Builder’s high standards. Attention todetail with an accent of European style and grace will be built into each Siena home.

Siena will feature a host of amenities that will enhance the leisurely lifestyle for residents. In addition to a swimming pool, the community will include a shaded pavilion, walking and biking trails, a pond, and a peninsula pavilion.

The master plan for Siena includes 58 homesites in Phase 1; but be aware that 21 of them are already sold!

You can still choose from 25 available sites at Siena. With this option, we’ll build your home from the ground up, giving you the opportunity to customize the details. We are also offering 12 pre-planned homes. You may still be able to customize one of these homes, so call us now for details.

Prices for Siena homes, including the site, start at just $142,500. The community is just off Old Reliance Road on the east side of Bryan, a great location for easy access to the many local amenities of this growing city. Contact us at Stylecraft Builders to learn more about Siena homeownership opportunities।

 

www.stylecraft-builders.com

Millennials are the next generation of new home buyers.

June 1, 2011

While it used to be uncommon for a person under the age of 30 to own a home, particularly as a single person, Millennials, also known as Generation Y, are showing every indication that they are bucking the old trend. More of them live with their parents longer, in order to save money for that big investment. This group of 77 million young people (born between 1980 and 2000) is even larger than the 76 million Baby Boomers who dominated America’s cultural shifts for the past 40 years.

According to a study by Lachman Associates for the Urban Land Institute, more Millennials are planning to become homeowners by 2015. Thirty-six percent of the 18- to 32-year-olds surveyed already own homes, and 67 percent plan to purchase one in the next four years. And interestingly, this generation seems happy with their current location. Most respondents want to live in places that are close to their families and like those where they grew up.

The other criteria for Millennials’ future homes are:

  • Purchase price
  • Interior space and square footage
  • Building security
  • Amenities
  • Eco-friendly features

With housing prices and mortgage rates still low, incentives for first-time homeowners, and the opportunity to save money while living with family, Millennials are in the ideal position to seek homeownership. Those of us in the home building industry need to recognize that this generation of homeowners is different than their parents. They are more technically savvy and do their homework, which is much easier because they access their networks and online resources. Plus, they are more willing to relocate so up-and-coming areas will be more appealing.

If you’re interested in exploring life in the area that Forbes named #3 on its list of “The Best Small Cities for Job s”, talk to us at Stylecraft Builders about a new and affordable home.

www.stylecraft-builders.com

Siena – Grand opening for new Bryan, Texas community

May 4, 2011

*** Grand Opening will not be on May 12, 2001 ***

At Stylecraft Builders, we’re getting ready to launch a brand new community in Bryan, Texas! Siena will give homeowners the luxury of moving into a neighborhood on the rise—literally. The homes—which will range from 1,100 to more than 2,000 square feet—will reflect French Country and Tuscan style designs, with each one built to Stylecraft Builder’s high standards. Attention to detail with an accent of European style and grace will be built into each Siena home.

Siena will feature a host of amenities that will enhance the leisurely lifestyle for residents. In addition to a swimming pool, the community will include a shaded pavilion, walking and biking trails, a pond, and a peninsula pavilion.

The master plan for Siena includes 58 homesites in Phase 1; but be aware that 21 of them are already sold!

You can still choose from 25 available sites at Siena. With this option, we’ll build your home from the ground up, giving you the opportunity to customize the details. We are also offering 12 pre-planned homes. You may still be able to customize one of these homes, so call us now for details.

Prices for Siena homes, including the site, start at just $142,500. The community is just off Old Reliance Road on the east side of Bryan, a great location for easy access to the many local amenities of this growing city. Contact us  at Stylecraft Builders to learn more about Siena homeownership opportunities.

www.stylecraft-builders.com