Electronics Recycling Opportunity

Gilroy Intero is sponsoring an E-Waste Recycling Day. Bring all your old and unwanted electronics by the office parking lot. So easy!

Delinquent Borrowers More Optimistic on Housing

By Gino Blefari, President & CEO, Intero Real Estate Services, Inc.

Homeownership is a value that seems to be under constant assault in the media. Between the recent Nobel Prize winner who claims that owning a home is a bad investment to the frequent reports that our younger generations aren't equipped to buy homes, you'd think the real estate market was tanking.

That's why a recent survey of the ownership attitudes of delinquent borrowers caught my eye.

Fannie Mae's national survey finds that delinquent mortgage borrowers' views toward the housing market have become more favorable in 2013 compared to 2012, and the majority believes in the personal and financial benefits of homeownership.

This is significant news because this is a group of owners whose views on housing we would assume would be negative because of the bad feelings associated with falling behind on house payments.

But in 2013, delinquent borrowers' attitudes were positive overall and moved closer to that of the general population. The survey found that this group expects home prices will go up; they believe buying a home is a safe investment and say that it's highly likely they'll buy a home on their next move.

What Buyers Don't Want

This is pretty much what buyers want in the Gilroy area. Tell us what you don't want in your next home.