SATURDAY, MARCH 2nd

10 AM – 5 PMTHE STREETS AT SOUTHPOINT

HOME

FAIRFAIRFAIR Buyers

20TH ANNUAL

An Advertising Supplement to

Drawings for Great PrizesSee page 9

FREE MINI SESSIONS

11:30am – 3:00pm Nordstrom Corridor

• Finding Your Dream Home in the Current Market

• $2,000 Tax Credit & 3%

Down Payment Program

• Closing Table Expectations

• Income Properties and Investment Strategies

• The Mortgage Puzzle Solved• The Truth about Grout

• Encuentre su hogar ideal en el mercado Corriente

• Avoiding the Pitfalls of Choosing the Wrong Contractor

Housing is at its most affordable level in decades. Mortgage rates are at an all-time low, sellers are motivated, owning a home is a great investment, and can lead to many, many years of happy memories. Current market conditions won’t last long. Research shows that prices are beginning to stabilize and price declines are over. Shrinking inventory and increasing home values make now an excellent time to buy a home. Attend the Home Buyers Fair to help you achieve the American dream!

On Saturday, March 2, The Durham Regional Association of REALTORS® and the Home Builders Association of Durham, Orange & Chatham Counties present the 20th Annual ‘Home Buyers Fair’ at The Streets at Southpoint in Durham from 10 AM to 5 PM.

The Home Buyers Fair is a FREE, bilingual educational event for consumers at all income levels interested in information about buying or selling a home, remodel-ing, financing or refinancing a home.

Exhibits will be open from 10 AM to 5 PM at the lower level, center court area of Southpoint. More than 35 Industry special-ists including builders, REALTORS®, mort-gage companies, insurance companies, attorneys and suppliers will offer FREE information about current market condi-tions, and why home ownership is a smart financial move, a means to achieving finan-cial security. Informative Mini Sessions at the Nordstrom Corridor can help deter-mine if you’re ready to buy a home, invest, or sell your existing home. See page 4 for schedule and list of mini sessions.

A home is primarily a place to live, but it is also an important investment. Join us at the Home Buyers’ Fair to get all the infor-mation you need to make your home own-ership dreams come true!

PRESIDENT’S MESSAGE

It is a Great Time to Buy a Home!Durham Regional Association of REALTORS® joins the Home Builders Association of Durham, Orange & Chatham Counties in sponsoring the 20th annual Home Buyers’ Fair.

Andy Krichman 2013 HBA President

Donna DeLong 2013 DRAR President

Follow the Durham Regional Association of REALTORS®

on www.facebook.com/DRARealtors

2 | Home Buyers Fair 2013

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11:30amFinding Your Dream Home in the Current MarketBuyers or Sellers get tips and expert advice on current market conditions.Fonville Morisey RealtyGrace Jones, Broker

12:00pm$2,000 Tax Credit and 3% Down Payment ProgramDo you lack the down payment needed for buying a home? Learn how to apply and determine eligibility for the NC Home Advantage Mortgage program at competitive interest rates.N C Housing Finance Agency Bill Hobbs

12:30pmClosing Table ExpectationsLocal real estate attorney provides guidance on ensuring a smooth closing.Brock, Payne & Meece, P.A.Darin Meese

1:00pmIncome Properties and Investment StrategiesLocal dual practicing attorneys and REALTORS® share their experience and expertise on current investment opportunities and why NOW is the time to invest in real estate.Hennessey Real Estate and Hennessey Law, PLLCThomas Hennessey and Matthew Catania

1:30pmThe Mortgage Puzzle Solved opportunityHow to insure you get the best rate, best program and smooth loan closing for your home purchase.First Citizens BankBryan Parker

2:00pmThe Truth about Grout (live demonstration)Learn how choosing the proper grout will ensure complete satisfaction with the entire installation of tile. Questions welcome.Best TileDave Kocienda

2:30pmEncuentre su hogar ideal en el mercado Corriente Compradores o vendedores obtener consejos y asesoramiento de expertos sobre las condiciones actuales del mercadoFonville Morisey-Hwy 54 & Peak, Swirles & Cavillito PropertiesREALTORS® Liz Schoeneberger and Rebecca Ewing

3:00pmAvoiding the Pitfalls of Choosing the Wrong ContractorPractical advice on selecting a contractor for building, remodeling or repairs.M Squared Builders – HOCOA Triangle Rachel Bath & Michele Myers

HOMEFAIR

HOMEHOME Buyers“FREE Informative Mini Sessions” - the Nordstrom Corridor

Get valuable information on the housing market’s most vital topics. FREE mini-sessions with industry experts allows you the opportunity to talk one-on-one in a casual environment.

Information about the exhibitors and mini sessions can be obtained from the Home Buyers Fair Information Booth

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Homeownership is how many American families begin to accumulate wealth. According to recent data from the Federal Reserve Board, a homeowner’s net worth is 45.9 times that of a renter’s. (Median net worth of $234,200 for owners versus $5,100 for renters.) It’s worth noting that this “most recent” Fed data came out in 2009 but is based on surveys from 2007—before housing prices declined. The Fed has a 2009 survey that is being analyzed.

Given these facts, a broader historical perspective might be more complete and still paints the right picture: Homeowners’ net worth has ranged between 31 and 46 times more than that of renters in the years 1998 to 2007 (source: Federal Reserve SCF). Our estimate of what the Fed survey might fi nd for 2010 suggests that the ratio of homeowners’ wealth is now 40 times that of renters—within that historical range.

According to the 2010 NAR Profi le of Home Buyers and Sellers, fi rst-time buyers most often cite the desire to own a home as the primary

reason for their recent home purchase. Eighty-fi ve percent of all recent home buyers consider that home purchase

a solid investment, and 76 percent of them believe owning a home is as good as or better than an investment in stocks.

Homeownership provides important social benefi ts such as:

• Shelter and security to families

• Fosters involvement in community life

• Participation in democratic institutions

• Homeowners are more likely to vote they volunteer time for political and charitable causes more frequently than renters

• Owners do not move as frequently as renters, providing more neighborhood stability

• Involvement in community quality-of-life issues helps prevent crime, improve childhood education and support neighborhood upkeep.

The decision to own a home is a very personal one, and REALTORS® believe that anyone who is willing to assume the responsibility of owning a home should have the opportunity to pursue that dream.

Homeownership is how many American families begin to accumulate wealth

as the primary reason for their

to own a home

8 | Home Buyers Fair 2013 Home Buyers Fair 2013 | 9

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FREEInformative

Mini Sessions11:30am - 3:00pmNordstroms Corridor

INFO

Register for Great Prizes and Giveaways!$50 gift card Weaver Street Market/Southern Village

$100 Southpoint Mall Gift CardGoodie Basket

$150 Best Tile Gift Certi� cateKeurig coffee maker - single brew

$25 Visa Gift CardsSouthern Season Gift Basket “There’s No Place Like Home”

One hour massage from Massage EnvyGiveaways on the hour beginning at 11:00 am

ATHLETA

J. CREW

Thank you to the 2013 Home Buyers

Fair Sponsors

2013 Exhibitors 1 AWT, Engineers & Soil Scientists 2 Saussy Burbank Homes 3 Hunter Oil & Propane 4 Coldwell Banker ADVANTAGE 5 Standard Paci­ c Homes 6 America Select Mortgage, Inc. 7 Epcon Communities - Cary 8 Keller Williams - Hillsborough 9 Ryland Homes10 Carpet One Floor & Home of Durham11 Arthur Rutenberg Homes12 West & Woodall Town, Lake & Country Properties13 Homes by Dickerson14 Wells Fargo Home Mortgage15 Go Realty - Durham / NFM Consultants, Inc.16 Real Triangle Properties - Buyer Rebates!17 M Squared Builders & HOCOA Triangle18 ADT Security, LLC19 Fonville Morisey Realty20 Drees Homes21 Peak, Swirles & Cavallito Properties22 Triangle Mortgage Lenders’ Association23 Brock, Payne & Meece, P.A. / W.R. Starkey Mortgage24 Cimarron Homes25 Lennar Carolinas, LLC26 BB&T Home Mortgage27 Coldwell Banker - Howard Perry and Walston28 KB HOME29 North Carolina Housing Finance Agency30 Signature Flooring31 Joshua E. Matthews Insurance Agency32 Hennessey Real Estate, LLC / Hennessey Law, PLLC33 Best Tile34 Triangle Home Crew Realty35 D. R. Horton, America’s Builder36 Capitol City Homes37 A.R.S. Heating and Air Conditioning38 Advantaclean Environmental of the Triangle 34 35

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10 | Home Buyers Fair 2013

the

BENEFITSof HOME

OWNERSHIP

One of the most important social benefi ts of home ownership is how it affects children and their academic achievement.

Several studies show that there is direct correlation between home ownership and educational achievement. Time and time again, it has been proven that home owners are more involved in their children’s lives, especially when it comes to schooling.1 Better social outcomes arise as parents provide a more

supportive environment for their children.2

Another benefi t is that home owners tend to move less often that renters. This stability adds to a child’s success in school. A study by the New York Federal Reserve Bank found that “though home ownership raises educational outcomes for children, neighborhood stability further enhances the positive outcome.”3

1.“Measuring the Bene� ts of Home owning: Efects on Children”. Green, Richard K. and Michelle J. White 1997 2. “The Impact of Home ownership on Child Outcomes”. Haruin, Donald R., Toby L. Parcel and R. Jean Haurin 2001 3. “Effects of Homeownership on Children: The Role of Neighborhood Characteristics and Family Income” FRBNY Economic Policy Review. Harkness, J. and S. Newman 2003.

Continues on page 12

Being a home owner is more than just having a roof over your head. Home ownership instills feelings of comfort security, stability and pride.

However, in addition to these important benefi ts are substantial social benefi ts for families, communities and the country as a whole. A few of these benefi ts are:

1. Higher Academic Achievement2. More Cohesive Communities3. Better Connected Families4. Improved Health & Safety5. Stronger Economy

1. Higher Academic Achievement

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2. More Cohesive Communities

All statistics from research compiled by theCincinnati office of the Neighborhood Reinvestment Corporation, April 2003

3. Better Connected Families

Home ownership builds stronger families. Compared to renters, home owners are:

10 %more likely to attend

church

less likelyto have alcohol and substance-abuse

problems

16 %more likely

to belong to parent-teacher organizations, book clubs,

etc.

1.3timesmore

likely to readnewspapers 59%

more likely to own a home within 10 years of moving

from parents household

Home owners tend to stay in their homes longer than renters. They also spend more money to improve their home and are more engaged in enhancing their community.

Simply put, home owners care more and take more action. Which leads to nicer neighborhoods, stronger communities and more overall involvement in civic duties.

Along with being more involved in their communities, home owners are more active and connected to their own families. Volunteering at schools, coaching athletic teams, becoming a scout or troop leader are just some of the types of activities home owners are active in. Throw in simple things like family game night and your home becomes the perfect setting for a more-connected, happier family.

Home Buyers Fair 2013 | 13

45.9times that of

a renter’s.

Ahome owner’snet worth is

*

Being a home owner also has a positive economic impact in your neighborhood, your town, your city and even on a national level. That’s because home ownership creates jobs: remodeling, landscaping, lawn and pool service, furniture and appliances, home improvement, real estate services. The list goes on and on. In fact, each home purchase generates as much as $60,000 of economic activity in the local and surrounding area.

4. Improved Health & Safety

ImprovedLife satisfactionSelf-esteemControl over lifePhysical healthPsychological health

3. Better Connected Families

Rohe, W. and R. Stegman. 1994. “The Effects of Homeownership on Self Esteem, Perceived Control, and Life Satisfaction of Low Income People,” Journal of the American Planning Association, 60(2), pp. 173-84. Rossi, P. and E. Weber. 1996. “The Social Benefits of Homeownership: Empirical Evidence from National Surveys,” Housing Policy Debate, 7, pp. 1-15.

*http://www.federalreserve.gov/pubs/oss/oss2/2007/bull09_SCF_nobkgdscreen.pdf

Home owners are happier and healthier than non-owners. In fact, one study found that people who recently became home owners reported higher life satisfaction, higher self esteem, and higher perceived control over their lives.

In addition to being more satisfied with their own personal situation than renters, home owners also enjoy better physical and psychological health.

Home owners have a financial sake in the value of their home. Therefore, owners

have more incentive to deter crime by forming and implementing voluntary crime prevention programs. Home ownership also contributes to stable communities, and stable neighborhoods contribute to reduced crime rates.

5. Stronger Economy

less likely to becometeenage mothers

20 %Are

Children of HomeO

wners

14 | Home Buyers Fair 2013

The chart shows a cost comparison for a renter vs. homeowner over a seven year period:

• The renter starts out paying $800 per month with annual increases of 5%

• The homeowner purchases a home for $110,000 and pays a monthly mortgage of $1,000

• 6 years, the homeowner’s payment is lower than the renter’s monthly payment

• With the tax savings of homeownership, the homeowner’s payment is less than the rental payment after 3 years

• In years 8-30 the savings increase every year for the homeowner

Source: Ginnie Mae, (ginniemae.gov) Source: “Renters Looking to Own Are Ready to Buy, PulteGroup Survey Says,” AOL Real Estate (Jan. 2, 2012) Daily Real Estate News | Thursday, January 03, 2013

Buy vs. Rent Comparison

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