A Home of One’s Own: As American as Apple Pie!

While the “American Dream” may have evolved quite a bit since the Honeymooners, the Brady Bunch and Leave It To Beaver, homeownership is still the “dream” that has remained alive and vibrant in American hearts for more than 234 years!  This American dream of homeownership is even more strongly pursued today despite reports of tightening lending standards and other barriers to home-ownership.  Apparently, the recent economic recession has not gotten in the way of America’s “pursuit of life, liberty and happiness”.  Defiantly, we daily observe Americans, throughout the USA, dusting themselves off from the grime of the recent recession and courageously “taking the bull by the horn” by exploiting newly created opportunities to own homes whether through the REO or foreclosure markets, short sales, fixers, lower and more affordable home prices and lower interest rates.

 

Martha Stewart recently stated “to be happy at home is the ultimate result of all ambition . . our families and our homes are the center of American life.  And everything we do is to make those homes – and the lives in them – more beautiful, more comfortable, more functional, and more full of life and light and joy for those we love.  At the end of the day, that is the American dream.  All the rest is window dressing.”  Clearly, home is that one place where we create an environment that is our own, establish traditions, mold our family’s values, and form our identity.  This profoundly intense love of “home” was dramatized in the classic movie “Gone with the Winds” where the southern heroine, Scarlett O’Hara, fights through war, fire, explosives and other life-threatening catastrophes (she even resists the advances of wealthy and handsome Rhett Butler) just to make it back home to her family’s estate of Tara.

In addition to pride of ownership, physical security and contentment; today, homeownership still carries significant financial advantages despite the recession.  Existing home sales in California rose by 7.9% in January 2011 because homes have become much more affordable – even more affordable than renting in the low to medium purchase price range after you factor in the tax write-offs for all mortgage interest and property taxes.  Even with the expiration of the 1st-time home buyer credit, 1st-time home buyers still purchased 29% of the homes in January 2011.

Most homeowners still think that their property is a better investment than stocks.  According to the 2010 Profile of Home Buyers and Sellers by the National Association of Realtors, first-time home buyers accounted for 50 percent of all home sales in 2010. Thus, most younger adults are more interested in owning their own homes today than ever.

The Woodland Hills community is no exception to these trends. For first time home buyer, Beth Schoenberger, achieving her dream of homeownership meant pooling her resources.  While she looked in other greater Los Angeles communities, it was Woodland Hills that had the combination of affordable choices that appealed to her taste. “I am so happy with the neighborhood. Everything we could ever want is in the immediate area: restaurants, shops, grocery stores, cleaners—even a shoe shine!” says Schoenberger. “Our neighbors are friendly too.  We made a good decision.”

The American Dream is definitely still alive, and home ownership is still a very real and achievable part of that dream.  If you’re in looking in the Los Angeles area, consider Woodland Hills as a place to call home especially with so many affordable properties now available.  Additionally, if you are renting and desire to own your own home, I encourage you to attend our monthly FREE Home Buyer Seminars.  Register by Clicking HERE.

OTHER USEFUL LINKS:                              

Search MLS – All Homes CLICK HERE

Best Home Deals in Woodland Hills CLICK HERE

Bargain Luxury Homes in Woodland Hills, Hidden Hills, Calabasas CLICK HERE

Foreclosures + Bank-Owned Homes in Woodland Hills CLICK HERE

Short Sale Homes in Woodland Hills CLICK HERE

Fixer-Upper + Bargain Homes in Woodland Hills CLICK HERE

Seller Financed, Owner-Will-Carry, Lease-Option Homes CLICK HERE

Fast-Track Short-Sales are Available to Home-Sellers in Distress – APPLY HERE! CLICK HERE

Open Houses CLICK HERE

Testimonials – The Good Kind of Gossip CLICK HERE

Don’t Pay Another Cent in Rent to Your Landlord Before You Read This FREE Report CLICK HERE

27 Quick & Easy Fix Ups to Sell Your Home Fast and for Top Dollar CLICK HERE

11 High Cost Inspection Traps You Should Know About Weeks Before Listing Your Home For Sale CLICK HERE

Avoid These Costly Homeseller Mistakes When You Sell Your Home CLICK HERE
Bandele Oguntomilade is the broker and owner of Bogun Realty and Luxury Homes in Woodland Hills, California.  You may visit us at http://www.BogunRealtyAndLuxuryHomes.com or call 818-825-6996.

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