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If you're not planning on buying a home any time soon, perhaps you should be. Just over half (54 percent) of Americans say they are likely to buy a home in the next five years - up 12 percent from last year - according to the 2017 BMO Harris Bank Homebuyers Report. In addition, Americans surveyed will average a 32 percent down payment.
The report, conducted by Pollara, also found that:
- Among likely first-time buyers, 80 percent plan to get preapproved for a mortgage before making an offer and 10 percent are already preapproved.
- Around four-in-five will set a budget before looking for a home.
- The majority (65 percent) of those looking to buy a new home will consult a real estate agent, while 61 percent said they will visit online real estate websites and 38 percent will seek recommendations from friends and family.
The benefits of homeownership are many, but among the most significant are:
- Owning a home is a secure long-term investment.
- Tax deductions make homeownership a much smarter financial path than renting.
- When you own a home, you are free to do with it as you see fit - paint, remodel, add-on and personalize to your heart's content.
According to the report, 70 percent of American homeowners spent six months or less looking for a new home before they made a purchase. In addition, 10 percent bought their home without participating in an active real estate search - or even any plan to buy at all - because a specific property caught their attention.
The report also found that Millennials (the generation born between 1982 and 2004) are more likely to use a mobile device as a resource to help in their home search (37 percent). In addition, Millennials are more likely than older age groups to rely on recommendations from friends and family (45 percent) when conducting a home search.
Source: BMO Harris Bank
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Arizona State Fair & Coliseum
1826 W. Mcdowell Road Phoenix, Az
October 4, 2019 To October 27, 2019
Recurring Weekly On Sunday, Wednesday, Thursday, Friday
12:00 Pm To 9:00 Pm
$12
(602) 252-6771
Scottsdale Arts District
Main St. And Marshall Way Scottsdale, Az
October 10, 2019
6:30 Pm To 9:00 Pm
Free
Phoenix Zoo
455 N Galvin Parkway Papago Park Phoenix, Az
October 10, 2019
5:30 Pm To 8:30 Pm
$10
602.286.3800
Tempe Beach Park
80 W Rio Salado Pkwy Tempe, Az
October 11, 2019 To October 13, 2019
Recurring Daily
Free
(480) 350-8181
Westworld Of Scottsdale
16601 N. Pima Rd. Scottsdale, Az
October 12, 2019 To October 13, 2019
Recurring Daily
11:00 Am To 7:00 Pm
Eldorado Park
2311 N. Miller Road Scottsdale, Az
October 26, 2019
5 P.M.-9 P.M.
Free
(480) 312-0217
Vertuccio Farms
4011 S. Power Road Mesa, Az
September 30, 2019 To November 3, 2019
Recurring Daily
Hours Vary By Date.
$10 Per Person, Ages 2 And Under Free
Tolmachoff Farms
5726 N. 75th Ave. Glendale, Az
October 2, 2019 To November 3, 2019
Recurring Daily
Farm Admission, $12; Ages 2 & Under, Free
Carefree Desert Gardens
101 Easy Street Carefree, Az
October 19, 2019 To October 27, 2019
Recurring Daily
10:00 Am To 8:00 Pm
$15 Fri-Sun; $10 Mon-Thurs
(480) 488-3686
Scarizona Scaregrounds
1901 N. Alma School Road Mesa, Az
September 28 - Sep 29, Oct 4 - 5, Oct 10 - 13, Oct 17 - 20, Oct 22 - 2, 2019
7:00 Pm
$13+
The Promenade
16215 N. Scottsdale Rd. 16215 N. Scottsdale Rd. Scottsdale, Az
October 25, 2019
5:00 Pm To 8:00 Pm
Free
Phoenix Zoo
455 N Galvin Parkway Papago Park Phoenix, Az
October 25 - 26, 2019
6:00 Pm To 10:30 Pm
$12.95 General; $9.95 Members; Kids 2 And Under Are Free.
602.286.3800
Salt River Fields At Talking Stick
7555 N. Pima Road Scottsdale, Az
October 25 - 26, 2019
5:00 Pm To 9:30 Pm
$15 Adults; $10 Children 3-12
(480) 270-5000
Kiwanis Park
5500 South Mill Avenue Tempe, Az
October 26, 2019
5 P.M. - 9 P.M.
Free
(480) 350-5200
Desert Botanical Garden
1201 N. Galvin Parkway Phoenix, Az
November 2 - 3, 2019
10:00 Am To 5:00 Pm
Included With Membership Or Paid Admission
Phoenix Country Club
2901 N 7th St Phoenix, Az
November 7, 2019 To November 10, 2019
Recurring Daily
Official Groupings And Starting Times Are Posted At The Tournament Site
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