Nationwide Open House THIS Weekend!

The spring buying season has begun, and this year potential buyers can take advantage of plentiful inventory and record-breaking housing affordability conditions. To kick off the season and bring buyers and sellers together, the Greater Louisville Association of REALTORS is participating in Realtor® Nationwide Open House Weekend on April 28-29.

During the weekend Realtors® across the country will hold thousands of open houses from coast to coast, aiming to focus attention on the benefits of homeownership for individuals, families, communities and our nation’s economy. This event is also an opportunity for Realtors® to connect with consumers in the local community about the housing issues that matter most to them.

Realtors® will hold open houses in various neighborhoods throughout the Greater Louisville Area this weekend to provide guidance for potential buyers and answer questions about the local housing market, as well as the home buying and selling process. If you are interested in purchasing a home, visiting open houses is a great way to get an idea of what you can afford in certain neighborhoods, as well as a taste for what is on the market.”

The National Association of Realtors®’ 2011 Profile of Home Buyers and Sellers shows that 45 percent of all buyers used open houses as a source in their home search process. This figure suggests the value of open houses even in the Internet era. Women are more likely to use open houses than men, as are buyers who were not born in the U.S. or whose primary language is not English. NAR also reports that older buyers rely more on open houses than younger buyers, and buyers with higher incomes are also more likely to visit open houses.

Realtors visit hundreds – if not thousands – of homes with buyers each year, and have a unique understanding of what buyers can afford in our local market. Homeownership helps builds financial security over the long term. It’s an investment in your future, as well as the future generations to come.

NAR also recently reported that more renters than ever aspire to become homeowners and an overwhelming majority of Americans believe buying a home is a solid financial decision. Homeownership is even more attractive now with housing affordability conditions reaching their highest level since recordkeeping began in 1970. The housing affordability index, which is based on the relationship between the median home price, median family income and the average mortgage interest rate, reached 206.1 in January, the first time the index broke the two hundred mark. The higher the index, the greater the household purchasing power. This means the typical family has roughly double the income needed to purchase a median-priced home.

The housing market may not have fully recovered yet, but it’s showing signs of improvement and for many buyers, now really is a great time to purchase a home. Buyers who are willing and able to take on the responsibilities of homeownership can begin their home search process by attending Realtor® Nationwide Open House Weekend and learn more about homeownership and local housing issues.

To search for open houses in your area, click here.

Nationwide Open House Weekend: April 28-29

If you’re in the market to buy a home, you’ll definitely want to take part in the upcoming REALTOR® Nationwide Open House Weekend.   

REALTORS® across the Greater Louisville area and the country will be hosting open houses the weekend of April 28-29 as part of REALTOR® Nationwide Open House Weekend.  The weekend is designed to be a fun, convenient way to learn more about what is available in the local housing market and offer current and future potential homeowners a convenient, low pressure way to see as many homes as they wish in one weekend. Tour open houses and ask questions of hosting REALTORS® regarding the buying and selling process and the housing market.

So mark your calendar for April 28th and 29^th, your dream home is waiting!

Click here  to see a list of upcoming open houses in the Louisville area at www.LouisvilleRealtors.com.

Nationwide Open House Weekend on June 4 and 5

If you’re in the market to buy a house, you’ll definitely want to take part in the REALTOR® Nationwide Open House Weekend on June 4 & 5, 2011.  

Many local REALTORS are participating in this yearly event to give you the opportunity to look at multiple homes in one weekend, without having to set up appointments.  As a buyer, you’ve picked a great time to make a home purchase.  Interest rates are lower, home prices are lower, and the variety and selection of available homes has never been better. 

So if you’re on the fence about buying, hop off now.  Click here  to see a list of open houses in the Louisville area at www.LouisvilleRealtors.com.

Nationwide Open House Weekend – April 10-11

If you’re in the market to buy a house, you’ll definitely want to take part in the First Annual REALTOR® Nationwide Open House Weekend on April 10 & 11.  

As a buyer, you couldn’t have picked a better time. Interest rates are lower, home prices are lower, and the variety and selection of available homes has never been greater. And you still have time to take advantage of the tax credit. First-time homeowners can qualify for $8,000, and current homeowners can qualify for as much as $6,500. But hurry, because to qualify, your contract must be in place by April 30.   

So if you’re on the fence about buying, hop off now.  Click here  to see a list of open houses in the Louisville area at www.LouisvilleRealtors.com.