TRENDS IN HOME BUYING: THE LOVE AFFAIR WITH LIVE-WORK-PLAY

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A couple of articles this week with data about trends in real estate had a lot to say about the multiple inputs that influence real estate prices and the health of a very important component of our economy.

Over at RealtyToday.com, an article titled The Shifting Trend in the residential Real Estate Industry isn't really breaking any earth shattering news. We've been watching some trends in home buying developing in the aftermath of the crash:

There is a change in attitude about home ownership.

It's logical that the massive damage done to many homeowners and the economy during the crash and foreclosure epidemic has put a damper on the "American Dream." People, particularly the young, are just not as enthusiastic about the investment side of home ownership. They've seen some friends and family members lose their homes to foreclosure, and others still in a home underwater on their mortgage. There are buyers returning to the market, just not in droves.

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

 

 

 

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