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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**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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Home prices are on their way back up

May 18, 2011

We’ve been in a real estate buyer’s market since the recession crept up a few years ago, but the situation is starting to reverse itself. According to the Real Estate Center at Texas A&M University, the median price for a home in Texas rose two percent since January 2010. Currently, the value is $139,100. However, here in Bryan-College Station, buyers are still seeing lower housing prices. In February 2010, the median price for a home in this area was $165,400. In January 2011, that figure dropped to $147,700 (the lowest since August 2009), representing a 10 percent decrease.

Bryan-College Station is a growing region with lots of activity and one of the lowest unemployment rates in Texas . It won’t be long before the trend that is occurring through most of the state will hit Bryan-College Station. There’s still time to take advantage of record low home prices while the housing market still favors the buyer.

Stylecraft Builders builds new homes and communities. We’ve been seeing plenty of activity in spite of the economic downturn that hurt so many areas. We still have new homes under construction, so, if you want to get the best value by customizing one of these properties, now is the time to act. Contact us to find out what’s happening in the Bryan-College Station housing market and to learn more about buying a brand new home before the market pricing rises!

www.stylecraft-builders.com

Great news for the new home market.

May 12, 2010

The Houston Business Journal is reporting that new home sales are growing again in the United States, and here in Texas, one might be cautiously optimistic that this trend signals a bright future for the new homes industry. According to the U.S. Department of Commerce, new home sales grew by nearly 27 percent from February to March this year, one of the largest nationwide gains to occur in 50 years. Some of those statistics are being credited to the better weather, now that spring is here, as well as the fact that new home buyers have been cashing in on the government’s homebuyer tax credit that just expired at the end of last month. So what does all this good news mean to you if you’re considering the purchase of a new home? Clearly now is the time to buy. Buyer confidence is greater and with each day, less risk is involved because the real estate market is becoming stronger.
Here in Texas, the real estate market has weathered the economic storm of the past few years better than many states in the country. But, with the nationwide rise in home buying we can only expect that our stable housing situation will become even stronger in the months and years to come—good news for the people who are thinking of investing in a home here, To learn more how to begin planning for your new home, email us today.

On a side note: B-CS MLS has recorded 93 more sales for first 4 months of 2010 than 2090. Market improving; up 18.2% over 2009!

Stylecraft Builders – Central Texas’ New Home Builder
www.stylecraft-builders.com