The Numbers tell the Story

Interesting statistics from the magazine publication Insight by the North Carolina Association of Realtors.

12 Number of weeks the average potential homebuyer searches for a home.

36 Percentage of first-time homebuyers who got help with their down payment from family or friends.

52 Percentage of Americans who expect the housing market to recover after 2012.

66.9 Homeownership rate in third quarter of 2010, which remained unchanged from the previous quarter.

$33,000 Median equity gain experienced by a typical seller who purchased a home eight years ago.

Wow, notice that equity gain is after 8 years of home ownership.  No more buying based on rapid appreciation!