May 28, 2012
5/28/2012 09:00:00 AM Blue Bag Media No comments
GREENVILLE – The Darke County Association of REALTORS® (DCAR) recently participated in Realtor Nationwide Open House Weekend which was held on April 28-29. Guests who attended the open homes had an opportunity to enter to win one of four $25 Darke County Chamber of Commerce Gift Certificates. Winners were drawn at the Associations monthly membership luncheon. Winners are Gordon Phalin of Arcanum, Doug and Theresa Stahl of Greenville, Sandra Green of Union City, IN and Melissa Hurley of Greenville.
During the Open House weekend Realtors across the country held thousands of open houses from coast to coast, aiming to focus attention on the benefits of homeownership for individuals, families, communities and our nation’s economy. This event also offered an opportunity for Realtors® to connect with consumers in the local community about the housing issues that matter most to them.
“Realtors held open houses in various neighborhoods throughout Darke County to provide guidance for potential buyers and answer questions about the local housing market, as well as the home buying and selling process,” said Rita Davis, 2012 DCAR President. “Visiting open houses is a great way to get an idea of what you can afford in certain neighborhoods, as well as a taste for what is on the market.”
“Realtors visit hundreds – if not thousands – of homes with buyers each year, and have a unique understanding of what buyers can afford in our local market,” said Davis “Homeownership helps builds financial security over the long term. It’s an investment in your future, as well as the future generations to come.”
The National Association of REALTORS® (NAR) also recently reported that more renters than ever aspire to become homeowners and an overwhelming majority of Americans believe buying a home is a solid financial decision. Homeownership is even more attractive now with housing affordability conditions reaching their highest level since recordkeeping began in 1970. The housing affordability index, which is based on the relationship between the median home price, median family income and the average mortgage interest rate, reached 206.1 in January, the first time the index broke the two hundred mark. The higher the index, the greater the household purchasing power. This means the typical family has roughly double the income needed to purchase a median-priced home.“The housing market may not have fully recovered yet, but it’s showing signs of improvement and for many buyers, now really is a great time to purchase a home,” said Davis.