KXL FM News Interview 10/7/2012
October 8, 2012 10:11 am
John DeCosta
Real Estate Commentator, KXL Radio “Business Briefing”
CLICK HERE TO LISTEN TO THE ENTIRE INTERVIEW
Listen to John talk about Industry facts and Home Ownership rates. Did you know that New homes construction is on the way up?
John also talks about:
1) Mortgage Stats:
Average fixed rate loan to below 3% for the first time ever.
2) Distressed Properties:
Foreclosures fell 33% in 2011, and will fall again in 2012
348 days is the average foreclosure time
3) Buyer Facts and Trends:
96% of Americans feel buying a home is a good investment
4.5% expect to buy within next 6 months
4) First Time Homebuyers:
33% of the buyers in the last year were first time home buyers
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