The CEO of ValueInsured, Joe Melendez, appeared on the daily talk show The Money Life Show to discuss findings from the ValueInsured Modern Homebuyer Survey. Hosted by Senior Contributor for MarketWatch Chuck Jaffe, Joe was asked about today's homebuyers and their motivations.
High home prices, unaffordability cause confidence in housing health to drop to lowest levels in nine quarters since inception of ValueInsured’s Modern Homebuyer Survey
The desire to own a home remains high, currently at 79 percent among non-homeowners, however; 67 percent believe the American housing market is unhealthy, according to the latest ValueInsured quarterly Modern Homebuyer Survey. In addition, the number of people who believe buying a home today is a secure and smart investment dropped to 52 percent. Despite reports of a strong sellers’ market, the decline in confidence is significant across the board among homeowners and non-homeowners alike.
Despite an active Spring buying season, only 61% of homeowners say that the housing market is heading in a good direction “for people like me.” But why? Regardless of other positive or negative news surrounding market excitement or that it is a great time to buy or sell, first-time and upgrade buyers are still viewing the market with trepidation highlighted by a few key areas. This and other findings will be released next week as part of our latest housing sentiment survey - the quarterly ValueInsured Modern Homebuyer Survey.
Overall, 7 in 10 Americans (71%) – and 70% Millennials – say keeping the American Dream alive is important to them. 66% of all Americans and 69% of Millennials also say it is important to them that the American Dream stays relevant for their children and for future generations. However, there seems to be a consensus that the American Dream cannot become stagnant, and it must evolve to stay meaningful...
As seen on The M Report
By Rachel Williams - We sat down with industry veteran Joseph Melendez to learn how changing buyer demographics, technology, and the new administration are shaking things up. Melendez is the CEO of ValueInsured, a down payment protection provider based in Dallas. He has more than three decades in the insurance and financial services industry.
In our latest ValueInsured Modern Homebuyer Survey, we learned that most prospective first-time and upgrade homebuyers will buy sooner, if they could be given more confidence about the housing market, and about their odds of preserving their down payment savings. We interviewed 1,013 Americans who were interested in buying a home, and this is what they told us
In a recent interview with CNBC regarding the current housing market and homeownership rate, a self-made millionaire and published financial author made the claim that an average homeowner in American today is 38 times wealthier than the average renter. This has what many often call the American Dream – if you have made it in this greatest country in the world, you get to own a piece of its land.
But in recent years, since the housing crisis, this notion has been challenged, and some of the people who have fared most poorly and had the toughest time surviving the financial crisis were Americans who owned homes in 2007-2008. We wanted to know how today’s Americans feel about their wellbeing and how it relates to homeownership, and designed part of our latest ValueInsured Modern Homebuyer Survey to explore exactly that.
