the state of america's housing market
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8/2/2019 The State of America's Housing Market
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8/2/2019 The State of America's Housing Market
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While these gures provide an overview o the nationalmarket, keep in mind that your local market may difer.Consult your trusted real estate proessional or moreinormation about your local market.
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94% o buyers nanced their home purchase, including96% o 25-44 year olds82% o 45-64 year olds66% o buyers 65 and older 2
35% o buyers had a down payment o20% or more.2
74% o consumers who plan to buy a home in the next 12months will use their personal savings or a down payment.3
The average buyer nanced 89% o the home purchase
94% o rst-time homebuyers chose a xed-rate mortg54% o rst-time homebuyers used a low down paymeFHA mortgage.2
Mortgage rates are expected to rise and reach 4.5%by mid-2012.4
Financing the Home Purchase
PriceoHome
Purchased
0%
3.25%
6.5%
9.75%
13%
Less
than
$75
,000
$75,00
0-$9
9,99
9
$100
,000
-$12
4,99
9
$12
5,00
0-$1
49,999
$150
,000
-$17
4,99
9
$175,00
0-$1
99,999
$
200,00
0-$2
49,999
$250
,000
-$29
9,99
9
$300
,000
-$34
9,99
9
$350
,000
-$39
9,99
9
$400
,000
-$499,99
9
$500
,000
and
up
9%6%5%6%10%13%8%10%11%8%8%7%
Source: NationalAssociationoREALTORS
ProfleoHome BuyersandSellers2011
The average rent on vacant properties is 28% higher thanthe averagemortgage payment.1
The estimated median monthly mortgage principal and interest payment o
a rst-time homebuyer was $794.2
The estimated median monthly mortgage principal and interest payment o
a repeat buyer was $1,006.2
Wiwit Tjahjana,Realtor, MBA, CFA
TJSignature GroupKeller Williams Realty
6820 Elm StMcLean, VA 22033
703.375.9989