Why Rent When You Can Own?

Florence, KY – October 21, 2014. The Northern Kentucky Association of REALTORS® and the Northern Kentucky Multiple Listing Service report that home sales were down slightly by 3% in September, when autumn means schools are in session and busy families have turned their attention to homework, school sports, and the upcoming holiday season. 

Year to date, NKY home sales are still even with 2013, the best year of the housing recovery of the last 6 years and we expect modest growth in the next few years.  Interest rates are very favorable for homebuyers in our area and even though lending standards are higher now, many may qualify for the FHA mortgage where as little as 3.5% down can buy a home. 

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For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Many people think that they are forever stuck renting and they will never be able to buy a home. Find a REALTOR® to help you with the process. There are many simple remedies to credit issues, down payments, financing, etc. Let our REALTOR® members help you find the American Dream of homeownership. Home equity is generally a large part of a homeowner’s wealth.  Recent studies show that home and equity prices have stabilized in many communities.  According to data compiled by the National Association of REALTORS®, homeowners in median price ranges had nearly $200,000 in net worth or 36 times that of the median renter who had just over $5,000. The median value of owners’ homes was $170,000. Many households own a primary residence (65.2 percent). Purchasing a home is one of the most important decisions in your lifetime. Working with a professional REALTOR® is a wise choice.   Their support, knowledge and experience with the entire home selling or buying process is essential to a smooth real estate transaction.  Remember, your local REALTOR® is a member of the Multiple Listing Service, the most accurate source of listing data.

Call a REALTOR® today!