The latest Gallup poll shows that the average American has a lot of problems, but owning a home is not one of the biggies any more.

Right now, more Americans are concerned about healthcare costs, low wages and a lack of jobs.

When it comes to the capital markets, they worry about the cost of college for their children.

But, the most striking result of the Gallup poll, explained in the chart below, is the shift in the attitude towards owning a home.

Owning a home is roughly half as important to Americans today as it was 3 years ago

Owning a Home Half as Important As Three Years Ago

In just three short years, the number of Americans who cite the costs associated with homeownership and renting as one of their biggest financial worries, sliced firmly in half.

In 2012, a full 12% of Americans put this cost at the top of their financial worry. Now it's dropped all the way down to 6%.

Although when broken down by income, the results skew somewhat.

Below the $30k/year bracket, housing is the most important worry for 9% of the respondents. That lowers to 4% in the $30k to $75k range. But then, it jumps up to 6% for Americans making more than that.

Perhaps not surprisingly, lower-income Americans name "lack of money/cash flow" and "not enough money to pay debts" as their top most important money woes.

Find more news articles as they relate to owning a home in the Suffolk County NY Real Estate News section under Suffolk County NY Real Estate Categories to your right. And find us on Facebook and follow us on Twitter for daily updates we post there as well.

Suffolk County is one of 62 counties in New York. The county is in the New York metro area. We can help you find real estate in any of these areas of Suffolk County: Babylon, Bellport, Centereach, Cold Spring Harbor, Commack, Dix Hills, Farmingdale, Farmingville, Greenlawn, Half Hollow Hills, Hauppague, Holbrook, Holtsville, Huntington, Islandia, Islip, Lake Grove, Lake Ronkonkoma, Lindenhurst, Melville, Oakdale, Patchogue, Sayville, and Smithtown. Just click the "Search for Suffolk County NY Real Estate" link at the top or bottom of this page.

We're betting you thought lower Suffolk County NY gas prices could only mean positive things for the economy, right?

If you're in the market for a home mortgage, Suffolk County NY gas prices could be having an effect on the rate you can get.

Suffolk County NY gas prices can actually have an effect on the mortgage rate you can get when buying a home

How Suffolk County NY Gas Prices Affect Mortgage Rates

Believe it or not, oil investments and Suffolk County NY gas prices (along with lots of other things) have an indirect effect on mortgage rates.

One of the strongest predictors of mortgage rates is the yield on a 10-year Treasury note. Basically if the yield is low, so are mortgage rates. The buying of bonds can represent relative safety for oil investors, and what oil prices mean for the world's economy.

Oil prices, as well as Suffolk County NY gas prices, continues to fall in large part because there is less demand. Less demand comes via weakening economies across the globe. The lower oil prices may also disproportionately affect countries like Russia, which are already suffering from instability. All of this leads to a flight to quality, and the safe haven is almost always the U.S. Bond Market.

With Suffolk County NY gas prices dropping and no one quite sure when or where they'll stop, U.S. bonds give investors a certain comfort that the oil market isn't currently providing. (Treasury bonds will always be paid off to prevent the government from losing the confidence of its investors and creditors at home and abroad.)

The problem for these investors is that everyone has the same idea. If everyone starts buying bonds, it drives down yields because the government doesn't have to offer such a high rate of return to get people to buy. This, in turn, drives down mortgage rates.

Some economists believe the benefit to the housing market is largely indirect in the form of more consumer spending, leading to job and income growth and ultimately making it easier for people to buy homes.

It should be noted that the 10-year Treasury note only affects the base mortgage rate. A number of factors go into the actual interest rate a homebuyer can get, including their credit score, the number of points paid on the mortgage and the down payment amount.

We'll keep you informed on Suffolk County NY gas prices and how the price you pay at the pump could affect your mortgage rate. In the meantime, you can get more information about factors that control Suffolk County NY mortgage rates in our section on Suffolk County NY Mortgage Info to your right under Suffolk County NY Real Estate Categories.

Remember, we post tips daily to Twitter, and also on our Facebook Page. We'd love you to check us out there too.

Suffolk County is one of 62 counties in New York. The county is in the New York metro area. We can help you find real estate in any of these areas of Suffolk County: Babylon, Bellport, Centereach, Cold Spring Harbor, Commack, Dix Hills, Farmingdale, Farmingville, Greenlawn, Half Hollow Hills, Hauppague, Holbrook, Holtsville, Huntington, Islandia, Islip, Lake Grove, Lake Ronkonkoma, Lindenhurst, Melville, Oakdale, Patchogue, Sayville, and Smithtown. Just click the "Search for Suffolk County NY Real Estate" link at the top or bottom of this page.

In our last video report, we took a look at how Wall Street experts and people on Main Street fared in 2014 when it came to predicting what was going to happen to the stock market, oil prices, and housing prices. In this report, let's see what the experts and a few people on the street think will happen to Suffolk County NY housing, oil and the stock market, in 2015…

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So what do you think the Suffolk County NY housing market will look like when we look back at 2015?
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Remember we not only keep our site here updated on a regular basis about Suffolk County NY housing, but we also post daily to Twitter and Facebook as well. We'd love to have you find and follow us there.
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Suffolk County is one of 62 counties in New York. The county is in the New York metro area. We can help you find real estate in any of these areas of Suffolk County: Babylon, Bellport, Centereach, Cold Spring Harbor, Commack, Dix Hills, Farmingdale, Farmingville, Greenlawn, Half Hollow Hills, Hauppague, Holbrook, Holtsville, Huntington, Islandia, Islip, Lake Grove, Lake Ronkonkoma, Lindenhurst, Melville, Oakdale, Patchogue, Sayville, and Smithtown. Just click the "Search for Suffolk County NY Real Estate" link at the top or bottom of this page.

If you're thinking about buying Columbia SC real estate, perhaps for the first time, we know it can seem like chaos trying to figure out all the things you have to do and the order you need to do them in. We're here to help with a list of things you might not ordinarily think about before buying Columbia SC real estate, but things you definitely should consider.

When buying Columbia SC real estate, it can seem like chaos trying to figure out all the things you have to do and the order you need to do them

Before Buying Columbia SC Real Estate

You've probably heard this 1,000 times. So make it 1,001. Get your credit score in order before starting the process of buying Columbia SC real estate.

The higher your credit score, the lower your interest rate will be, which makes your mortgage payment smaller in the long run. If your credit score isn't looking too good (below 660), see if you can improve your finances and boost the score before shopping interest rates.

As long as your credit score is above 580, you can always try for an FHA loan, which can save you some money. If you're looking to raise your credit score, it's all about making payments on time and keeping your debt payments current.

Take some time to get your financial house in order before you go hunting for Columbia SC real estate. Outside of your credit score, make sure you have some money saved. Yes a mortgage is a loan, but it still requires a good chunk of change up front.

Two of the largest items you'll pay for will be your closing costs and your down payment. Closing costs is a general term for many of the services and fees you'll have to pay when getting a mortgage: title fees, inspections, taxes and more are thrown into this. Your down payment is how much you pay upfront on the overall cost of your home – the remainder is your mortgage.

The larger the down payment, the smaller the loan you'll have to pay off. The recommended down payment size is 20% of the total cost of your home, but that's not a required amount. It's hard to give exact advice on savings for your down payment and closing costs, because the amount depends on what your home costs. Have a good amount of money saved, so you have the upper hand when approaching lenders.

Know How Much Columbia SC Real Estate You Can Afford

Know what you're financially capable of before you even start looking for any kind of Columbia SC real estate. Searching for a new home can be like ordering at a restaurant when you're starving – it's easy to overspend. Figure out realistically how much you can afford with your down payment and closing costs, and start searching for homes in areas that will accommodate your budget. There's no point in touring 8-bedroom mansions if you're in a 2 or 3-bedroom starter home bracket.

Buy Columbia SC Real Estate For the Long Haul

To prevent you from making impulse buying decisions when looking at any Columbia SC real estate, decide if the home you're going to buy is going to be one for the long haul, or a temporary move as a stepping stone on the way up to something bigger or better.

Think about all of the changes your life could have while you're living in your new home, and if this home will accommodate your needs long term.

Are you going to get married while living here? If so, are children in the plans? Does the surrounding community seem like it's getting better or worse? Is this a neighborhood you will want to live in at your current age? How about in 10, 15, or 20 years? It's a little weird to get that deep in thinking about your future, but it's a conversation you need to have with yourself, and your partner, if you have one.

We have more articles to help in the process of buying Columbia SC real estate at our Columbia SC Home Buying Tips link to your right under our Columbia SC Real Estate Categories.

Remember, we post daily tips and articles on Twitter, and would love to have you like us on Facebook.

Suffolk County is one of 62 counties in New York. The county is in the New York metro area. We can help you find real estate in any of these areas of Suffolk County: Babylon, Bellport, Centereach, Cold Spring Harbor, Commack, Dix Hills, Farmingdale, Farmingville, Greenlawn, Half Hollow Hills, Hauppague, Holbrook, Holtsville, Huntington, Islandia, Islip, Lake Grove, Lake Ronkonkoma, Lindenhurst, Melville, Oakdale, Patchogue, Sayville, and Smithtown. Just click the "Search for Suffolk County NY Real Estate" link at the top or bottom of this page.

When it comes to buying Suffolk County NY homes, first-time buyers, the millennial generation, falls under the "prime" home buying demographic. Unfortunately, many millennials also fall into another, less desirable, category: adult children. An adult child is a term that's caught on recently, and simply refers to adults roughly between ages 18 and 30 who still live at home with their parents, or are still dependent on their parents for their living arrangements.

When it comes to buying Suffolk County NY homes, first-time buyers, the millennial generation, falls under the prime home buying demographic

Homeownership among prime home buyers has dropped 11% from 1980 to 2012. Some would argue the statistics are skewed, because many 19-24 year olds are still in school and not financially able to live on their own – but that's not the point. Many adults who fall into that 18-30-year-old range are considered prime candidates for homeownership, yet over 50% choose to live with their parents or rent. Ideally they should be buying. What's holding them back?

Problems Keeping Millennials From Buying Suffolk County NY Homes

Jobs - Even with talk of the job market turning around, there are still over 9 million people unemployed. This leads to more young adults either struggling to find jobs, or taking part-time jobs with less pay. Either situation makes it much harder to save up for buying Suffolk County NY homes.

Debt – If you don't have that job, saving becomes very difficult, if not impossible. But it's even harder when there's student loan debt piling up on top of everything else. According to CNN, the average student's post-college debt is anywhere from $25,000 to $29,000. This becomes a huge problem when trying to save for buying a Suffolk County NY home. One of the main factors of being a prime home buyer is also having a college education, which is associated with higher income and, unfortunately, student loan debt.

Lifestyle – Low employment and high student loan debt numbers are forcing millennials to make lifestyle changes as well. CNN projects the millennial generation to have the lowest rates of marriage by age 40 compared to any generation. This is important because marriage and family tend to need larger living space. The two points above (employment and debt) have a huge impact on that, too.

This is where millennials really need to step it up. The job market does show signs of recovering over the next couple of years and, hopefully, millennials will find more opportunities for buying Suffolk County NY homes.

Until it does, millennials who have goals of homeownership, should try and save whatever money they can. It's important for them to start building up credit by paying off loans and being on time with payments. Even if millennials continue to live at home, those two takeaways are a step in the right direction, and will help them be able to eventually buy homes.

Don't forget, we post daily tips on Facebook and Twitter. Be sure to check us out there.

Suffolk County is one of 62 counties in New York. The county is in the New York metro area. We can help you find real estate in any of these areas of Suffolk County: Babylon, Bellport, Centereach, Cold Spring Harbor, Commack, Dix Hills, Farmingdale, Farmingville, Greenlawn, Half Hollow Hills, Hauppague, Holbrook, Holtsville, Huntington, Islandia, Islip, Lake Grove, Lake Ronkonkoma, Lindenhurst, Melville, Oakdale, Patchogue, Sayville, and Smithtown. Just click the "Search for Suffolk County NY Real Estate" link at the top or bottom of this page.
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