Did You Know?
Not all of the news in real estate is bad these days. Home ownership is an American tradition and has many positive benefits.
Here are some interesting facts you may not know:
- Homeowners are more likely to vote and be involved in community functions such as charity and
political activities. - Homeowners stay in their homes an average of 6 years – and since they move less frequently than renters this contributes to neighborhood stability by participating in programs such as neighborhood crime watch.
- Real estate is a historically good investment:
- Over the past 30 years home values has risen an average of 6% annually
- Homes almost double in value every 10 years.
- The average real estate transaction involves an average of 20 steps to complete the transaction. Check out our guide to navigating the home buying process.
- The median age for a first time homebuyer is now 33 years old and the average age for a “move up” homebuyer is 45.
Click here for more information about St. Tammany Parish
