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CU System
Mortgage portfolio heads up 5 plan to buy home in 2010
MADISON, Wis. (11/12/09)--Only 5% of Americans say they intend to buy a home in the next year, according to a survey conducted by Move.com. In a similar vein, the Filene Research Institute has just released a report about the future of home ownership and related business opportunities for credit unions. The survey by the real estate listings site indicates that roughly 25% of potential buyers said the No. 1 reason they would purchase a home now is because prices seem to have bottomed out, beating out other factors that include: a wide selection of homes, worries about rising interest rates, and the availability of bargain-priced foreclosures (USA Today Nov. 11). A Filene report, titled “Reimagining the Dream: The Future of Home Ownership,” addresses the “American dream” of buying, owning and maintaining homes and provides credit unions with advice on changes and trends in the housing market (LoneStar Leaguer Nov. 6). Included in the report--by Denise Gabel, Filene chief innovation officer, and Robert Manning from the Rochester Institute of Technology--are historical perspectives, current conditions and idea-generating topics concerning home ownership. Filene is conducting a webinar on the topic Dec. 2. For more information on report and webinar, use the link.
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