Carmen sent me a link the other day for a website called housingmarketfacts.com. So I’ve now become a real estate website critic during my lunch. Should I say two thumbs up?
Anyway, the new website is by the National Association of Realtors? or Realtor.com. The website is a resource promoting the benefits of owning a home. The single web page is populated with home ownership facts, many resource links, and an embedded welcome video with a women walking on your screen to say hello. I was bothered by the fact the women stays on the screen after delivering her welcome message and just stands in place staring at you. OK, moving on.
Here are a few housingmarketingfacts.com or NAR home ownership highlights:
- A home investment could yield you a return 5 times that of the stock market.
- Home owners stay in a home on an average of 6 years. (We have not hit 6yrs yet)
- Financing info links.
- Property search links.
- Research local school and neighborhood links.
- A home equity calculator.
- And of course, facts on why Realtors? add value to the home selling or buying process.
I found an interesting link to Freddie Mac’s mortgage rate history chart by month since 1971. Here is a brief summary of the last 36 years based on a 30 yr fixed rate (average for the year and points varied):
- 1972 – 7.38%.
- 1979 – 11.20% first time over 10% since 1971.
- 1981 – 16.04% high point.
- 1991 – 9.25% finally came down under 10%.
- 2003 – 5.83% bottom.
- 2007 – 6.34%.
- Today’s rate is 6.04%.
I bought my first home in 1983 and I thought 13% was good. The site seems helpful so I’ve added the housingmarketfacts.com link to the blog links section for your future use. You can turn off the sound of the welcome lady but you can’t make her leave. 🙂