
Realtor Nationwide Open House is a large “get-the-word-out” campaign geared to increase consumer awareness of the benefits of buying a home, give sellers an opportunity to increase the exposure for their home for sale, and continue to spread the word about the expanded first-time homebuyer tax credit and move up repeat home buyer tax credit which ends April 30.
Homeownership is an investment in the future. It offers immediate benefits and long-term value. It helps build wealth over the long term and has been shown to reduce crime, improve education and increase community involvement. For many people, now really is a good time to buy a home. Inventory is high, prices are down and mortgage rates are near 50-year lows. Homeownership strengthens communities. Homeowners are more likely to be involved and engaged in local issues and move less frequently than renters.