Not Just in Springtime

As the words go from the musical,"Camelot", "not just in Springtime, Summer Winter or Fall", so does the overpowering hope of homeownership in the Rochester region.As interest rates rose this week, the question remains, can the homeownership rate hit the 70% mark nationwide? Or, rather, will the bubble burst in short fashion in 2006?

What we have learned from our past housing booms is that there will also be one more on the horizon. The 1970's ,1980's and 1990's all saw boom and bust in some form during the decade, as each decade brought more homeownership.

How can this remarkable trend continue, you may ask? Take a look at the real numbers behind the numbers. The creation of more households than ever, combined with easy access to funds certainly does not hurt. The life experience of homeownership promulgates continued interest.
Would you prefer not to live in a house after spending most of your life in one? It's unlikely.

I have seen interest rates in my lifetime range from 3% to 18%, but I have also seen .29 gas prices. Now that's food for thought if you are hesitating on a home purchase today!