107 Archel. Petal, MS 39465. $203,000
Adorable 4 BR/2 BA home located in Reese Creek Plantation; Gated Community. Home features large bedrooms and a spacious kitchen. Please contact Crye-Leike Signature One Realty for additional information! (601)336-6941
17 Ferncrest Loop. Petal, MS 39465. $139,900.
HUGE reduction in the award winning Petal School District. Home comes with 22×34 Wired Shop! Please contact Crye-Leike Signature One Realty for additional information. (601)336-6941
65 Lakeland Circle. Petal, MS 39465 $163,000
Spacious 3BR/2BA home with a beautiful view of the lake. Home is in the Petal school district and offers many upgrades.
Please contact Crye-Leike Signature One Realty for additional information at (601)336-6941.
WASHINGTON (July 25, 2013) – Americans overwhelmingly believe owning a home is a good financial decision and a majority of renters say homeownership is one of their highest priorities for the future, according to a survey by the National Association of Realtors®. The 2013 National Housing Pulse Survey also found that renters are thinking more about purchasing a home now than in past years, while the number of people who say they prefer to rent has declined.
“Homeownership matters to Americans who consistently realize the many benefits it provides to communities, families and the nation’s economy,” said NAR President Gary Thomas, broker-owner of Evergreen Realty, in Villa Park, Calif. “Due to high housing affordability and today’s interest rates it makes sense for people to consider homeownership over renting. In fact, in many parts of the country it’s cheaper to own a home than to rent one. Therefore, it’s no surprise that renters recognize that owning a home offers tremendous long-term benefits and is an investment in their future.”
The survey, which measures consumers’ attitudes and concerns about housing opportunities, found eight in 10 Americans believe buying a home is a good financial decision and more than two-thirds (68 percent) said now is a good time to buy a home. Since the last survey in 2011, more renters are now thinking about purchasing a home, up from 25 percent to 36 percent, while those who say they prefer to rent dropped from 31 percent to 25 percent. Half of renters say that eventually owning a home is one of their highest personal priorities, up from 42 percent to 51 percent.
Attitudes toward the housing market have also improved over the years. Nearly four in 10 Americans (38 percent) identified an increase in activity within their local housing market in the past year, compared to just 22 percent who reported a slowdown in activity. By contrast, in 2011 some 51 percent reported a slowdown in activity. There was also less concern than in the past about the drop in home values; a majority said housing prices in their area are more expensive than a year ago.
In addition to these improved attitudes about the housing market, respondents also showed an improved outlook about the national economy. Just under half (48 percent) said job layoffs and unemployment are a big problem, down from 61 percent in 2011. The concern over foreclosures showed a steep decline from 2011 when 47 percent characterized distressed properties as “very” or a “fairly big problem”; today only 29 percent say it’s a problem.
For many Americans, the perceived obstacles to homeownership have remained unchanged over the years; low wages, student loan debt, and little savings for a down payment and closing costs continue to make it difficult for many to become homeowners. Respondents across the board – young and old, college graduates and non-graduates – consider student loan debt to be a large obstacle.
“Student loan debt is a concern for many consumers in today’s market, especially first-time buyers,” said Thomas. “Buyers with student loan debt may find it difficult to access mortgage credit, as well as save for a down payment. Pending mortgage finance regulations requiring higher down payments could also contribute to the already tight lending environment. Realtors® are working with regulators to address this issue and are committed to making sure those who are willing and able to own a home have the opportunity to pursue that dream.”
When asked for reasons why homeownership is important, respondents’ top reasons underscored basic American values and freedoms; they were building equity, wanting a stable and safe environment, and the freedom to choose where to live. While these reasons have remained virtually unchanged since 2011, they do vary slightly according to demographics. The top scoring reason for African-Americans and Hispanics was that homeownership provides stability and a safe environment; women also placed more emphasis on environmental factors than men. Non-college graduates placed stronger emphasis on public schools, owning a home before retirement, and living in a safe and stable environment.
The 2013 National Housing Pulse Survey is conducted by American Strategies and Myers Research & Strategic Services for NAR’s Housing Opportunity Program, which aims to position, educate and help Realtors®promote housing opportunities in their community, in both the rental and homeownership sectors of the market. The telephone survey polled 2,000 adults nationwide and has a margin of error of plus or minus 2.2 percentage points.
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
365 Ryan. Hattiesburg, MS 39401. $169,900.
3BR/2.5 BA custom upgraded home on over 1.5 acres in Dixie. Home offers spacious rooms, cathedral ceilings, his & her walk-in closets and a whirl pool in master bath. Please contact Crye-Leike Signature One Realty for additional information! (601)336-6941
102 Montague Dr. Hattiesburg, MS 39401. $49,999.
Great investment opportunity! 3 BR/1 BA priced to move. Please contact Crye-Leike Signature One Realty for additional information. (601)336-6941
July 11, 2013- With solid growth for the past 20 years, the assessed value of property, homes and other assets in Lamar County is approaching the half-billion dollar mark, continuing to bolster county revenue.
The Hattiesburg American reports the county’s current assessed valuation, the total of taxable property, stands at over $498 million, up more than $7 million from 2012.
In 2000, the county’s assessed valuation was more than $244 million.
The increase in property value is good for the county budget, but it also means county taxpayers will see a small increase in their tax bill.
00 Wandering Oaks. Hattiesburg, MS 39401. $9,900
Land in the Wandering Oaks subdivision just reduced! Near Paul B. Johnson lake. Please contact Crye-Leike Signature One Realty for additional information. (601)336-6941
284 Lost Orchard. Purvis, MS 39475. $139,900.
3 BR/2 BA home in the Lost Orchard subdivision. Huge backyard with privacy fence and updated ceramic tile in kitchen and bathrooms. Please contact Crye-Leike Signature One Realty for additional information! (601)336-6941
2013 National Association of Realtors® Home Buyer and Seller Generational Trends
The Home Search Process
Among all generations of home buyers the first step in the home buying process is looking online for properties for sale.
Younger generations of buyers typically find the home they purchase through the internet, while older generations of buyers first found the home they purchased through their real estate agent.
As ages increases the home buyer is less likely to consider purchasing a home in foreclosure.
The frequency of internet use in the home search process was directly related to age. Younger buyers not only more likely to use the internet during their search, they use the internet more frequently during their home search process. Older buyers are more likely than younger buyers to be more occasional users during their home search.
Home buyer satisfaction with the home buying process increases as age increases. This may be due to not only tightened inventory in lower price brackets, but also realistic expectations of older buyers who are often repeat buyers.
2013 National Association of Realtors® Home Buyer and Seller Generational Trends
http://www.realtor.org/reports/home-buyer-and-seller-generational-trends
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