American’s Still Believe in Home Ownership – Buying Homes in Ventura CA

by Gary and Lisa Schoeffler on April 13, 2011

in Latest News

Despite a bruising, five-year drop in U.S. home prices, eight in ten Americans still believe that home ownership is the best long-term investment they can make, according to a new survey.

Apparently, hope springs eternal.

After a dramatic run-up in U.S. home prices the 1990s and early ’00s — fueled by easy lending standards and the encouragement of Wall Street — the market began its sickening plunge in July 2006. The average metropolitan home has lost roughly a third of its value since then, according to the latest reading from the S&P/Case-Shiller Home Price Index.

We certainly find the same sentiment in dealing with our Ventura County clients. It is a difficult market at times but well worth it in the end. Interest rates have come up slightly in the past few weeks but they remain historically low and there are plenty of houses to choose from. Bottom line is, if it’s the right time for you to buy or sell, it’s the right time!

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Post by Gary and Lisa Schoeffler

Gary and Lisa Schoeffler are Ventura Real Estate Professionals specializing in residential real estate. Their expertise in helping both buyers and sellers is widely recognized in Ventura County. How can they assist you today? Wondering what the market is like? Call them, they will be happy to talk with you about it. 805-320-4472

Gary and Lisa has written 371 articles.

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