• 1 Montauk Hwy, Moriches N.Y. 11955 
• 850 Montauk Hwy, Shirley N.Y. 11967
• 66 Medford Ave, Patchogue N.Y 11772

Last week, Fannie Mae released their National Housing Survey for the third quarter of 2011. They survey the American public on a multitude of questions concerning today’s housing market. Each quarter, we like to pull out some of the findings we deem most interesting. Here they are for the most recent report:

Most Important Reasons to Buy a Home

The study shows that the four major reasons a person buys a home have nothing to do with money. The top four reasons, in order, are:

• It means having a good place to raise children and provide them with a good education
• You have a physical structure where you and your family feel safe
• It allows you to have more space for your family
• It gives you control of what you do with your living space (renovations and updates)

When we talk about homeownership today, it seems that the financial aspects always jump to the front of the discussion. There is no doubt that families must justify a home purchase from a financial point of view today. However, the reasons they actually buy are the same reasons our parents and grandparents purchased their home – to create a better lifestyle for their families.  

The Home as an Investment

Though most people purchase a home for non-financial reasons, everyone realizes there is a money component to homeownership. Here is what they said on this issue:

• 64% of the general population (and 69% of homeowners) believe that homeownership is a ‘safe’ investment.
• 55% believe that homeownership has more potential as an investment than any other traditional asset class.
• 68% think that now is a good time to buy a home  

Rent vs. Buy

We are always interested in the difference people see in renting vs. owning.

• 63% of renters have aspirations to someday own their own home
• 70% of renters think that owning is superior to renting
• 96% of homeowners see homeownership as a positive experience (4% see it as a negative experience) while 83% of renters see renting as a positive experience (15% see it as a negative experience)
• 97% of homeowners live in a single family residence while 53% of renters live in a multi-unit building

Bottom Line

Even in these difficult times, Americans still realize the value of homeownership both from a financial and social standpoint.

Information provided by: http://www.kcmblog.com

Realtors Against Hunger (RAH) collecting donations of non perishable food items

Coldwell Banker M&D Good Life is joining the Long Island Board of Realtors® (LIBOR) initiative, Realtors® Against Hunger, to fight hunger in our local communities. Realtors® Against Hunger (RAH) will be collecting donations of non perishable food items from September 1st – December 31st. During that time period, the public is encouraged to drop off canned and dry food donations at Coldwell Banker M&D Good Life, 1 Montauk Highway, Moriches & 850 Montauk Highway, Shirley between the hours of 9am to 5pm. This collection drive will support efforts to provide food to hundreds of local food pantries, soup kitchens, shelters and other programs that feed the hungry. LIBOR is working with several strategic partners to ensure proper distribution of food to outlets in Nassau, Suffolk and Queens Counties. “With more than 300,000 children and adults facing hunger or potential malnutrition in the region the Long Island Board of Realtors must respond to the needs of our communities, especially in these difficult times,” said Liz English, LIBOR President.

Realtors® Against Hunger (RAH) is part of the Long Island Board of Realtor®’s “We’re More Than Realtors®” initiative that supports numerous programs and charitable community organizations. A kick-off celebration for the campaign will be hosted at Bethpage Ballpark in Islip at the start of the Long Island Ducks baseball game.

Food donations can be brought to Realtor Service Centers in Jackson Heights, West Babylon, Riverhead and Woodbury as well as local Realtor offices such as Coldwell Banker M&D Good Life. “We cannot stand by and watch our communities struggle. The impact of the economy and the escalating cost of fuel and other challenges is negatively impacting families throughout Long Island. Many families must now choose between paying for a tank of gas to get to work or feeding their family. We will work diligently to help our communities by filling these pantries and making an impact in the fight against hunger here on Long Island,” explained Kate Koplinka, Coldwell Banker M&D Good Life.

LIBOR is the largest local Realtor^® Board in the Country with ten Chapters covering the North Shore, South Shore and Central areas of Nassau, Suffolk and Queens Counties.