Real Estate Eagle Mountain Utah

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May 12, 2015
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Real Estate Eagle Mountain Utah

Have you wondered why people move into a new home? According to surveys, around 15 percent wanted to live in a better home, 11 percent wanted more affordable housing, 10 percent seek to establish their own, and 6 percent wanted to own one and not rent. Around 5 percent of the population also said they just got married, so they wanted to move into another home while another 5 percent said they want to be closer to the office. Because they wanted to settle in a better neighborhood due to lower crime rates, another 5 percent move into another home.

Did you know owning a home can have wonderful benefits for your children? It contributes to the improvement of their performance at school. According to studies, reading scores of children of homeowners are 7 percent higher than their classmates who are of non-homeowner parents. What’s more, children of homeowners rate 9 percent higher in math scores than their counterparts. The high school graduation rate for children of homeowners is also higher by around 25 percent; the college graduation rate, higher too by about 116 percent.

Trend in Home Ownership

Around 3 out of 4 homeowners consider their home as their greatest wealth. Of the total number of homeowners in the U.S., around 65 percent are married couples. Single women comprise 16 percent of these homeowners while it is about 9 percent for single men. For unmarried couples living together, they comprise around 8 percent of the total number of homeowners.

At present, it is estimated that 65 percent of all people in the U.S. are homeowners. Around 88 percent of homebuyers spoke with a real estate agent when choosing a home. When asked why they considered home ownership as opposed to just renting, 45 percent of the respondents said buying a home is a cheaper option.

Did you know TV, print, and billboard advertisements played little role in the decision-making process involved when buying a home?

Comparing the average price tags of median homes, did you know you could get a new residence for about $37,400 back in December 1974? By February 2013, close to 2 million homes were up for sale; 15 percent of them were foreclosures while 10 percent were short sales. By May 2013, the average home is selling at around $208,400.

For first-time homebuyers, their average income was $61,800 as against repeat buyers who are earning at around $93,100.

Are you looking to buy or sell real estate Eagle Mountain Utah? Do not waste your time with a plain, old agent. Work with the experts. Get in touch with The Real Estate Group.

The Real Estate Group is the most trusted name when it comes to real estate Eagle Mountain Utah. Because they also live in the area, no one can serve you better than these professionals can. With their help, you can sell your home quicker and get a great price for it. On the other hand, if you are looking to buy one, you will get the best deals and great value for your money.

No one does real estate business better than The Real Estate Group. Their highly experienced staff can give you the most up-to-date information about real estate Eagle Mountain Utah. They can give you a low-down on your prospective neighborhood as well as apprise you of the things that you need to know to come up with a well-informed decision.

When it comes to real estate Eagle Mountain Utah, make The Real Estate Group your number one choice. Call (801) 903-2520.