Prudential
California Realty's parent company, Brookfield Real Estate & Relocation
Affiliates recently announced the results of their second quarter Consumer
Outlook Survey. The national survey
results indicated that Americans are increasingly optimistic about
homeownership and their confidence levels are rising from both the first
quarter and the previous year.
·
Nearly two-thirds (64%) of respondents have a
favorable perception of the U.S. housing market, up from 60% in the
first-quarter survey and 52% in first-quarter 2011.
·
69% believe that real estate is a good
investment despite the market volatility of the past few years, up 6% from the
first-quarter 2012 survey and 17 percentage points from first quarter 2011.
·
72% expressed confidence that the real estate
market and property values will improve during the next two years
Similar to the national sentiment, signs of growing
confidence are apparent among local residents as home prices in Ventura County
continue to rise. According to
DataQuick, the median home price was $365,000 last month in Ventura County, up
more than 3% compared to the same time last year.
“The American Dream is clearly on the mend,” said Bob
Majorino, Broker/Owner of Prudential California Realty. “Americans are feeling
better about homeownership and the ongoing recovery taking place in residential
real estate. Many are increasingly optimistic about their personal
circumstances and with housing affordability near all-time highs here in Ventura
County, they want to act on the opportunity.”
With five offices throughout Ventura County, Prudential
California Realty is an independently owned and operated member of BRER
Affiliates, Inc. For additional
information about Prudential's outlook survey, please call (805) 496-0555 or
visit www.prucalhomes.com.
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