Thursday, July 8, 2010

2009 Housing Survey by HUD Helpful to Hamilton NJ Homeowners

A comprehensive national sample of the more than 130 million residential housing units was released recently by the U.S. Department of Housing and Urban Development.  HUD’s 2009 American Housing Survey (AHS) provides one of the most thorough views inside the homes of millions of Americans and reveals everything from the square footage of the unit to how many homes have front porches, garages or even usable fireplaces. First conducted in 1973, the survey’s long-term design allows analysts to trace the characteristics of U.S. housing units and their occupants.

For example, the 2009 survey reveals that significantly more American homes are larger and have more bedrooms and bathrooms than homes 37 years ago. In addition, homes of 1973 were significantly less likely to have central air conditioning and other amenities considered commonplace today.  There are 130,112,000 residential housing units in the U.S.; 86% of these are occupied. The median age of ‘the American home’ is 36 years.
 
The 2009 AHS includes enhanced data for five metropolitan areas: Chicago, Detroit, Philadelphia, New York and Northern New Jersey.  Some of the other key findings of the 2009 AHS include: 68% of U.S. homes are owner-occupied; 51% are located in suburban areas; 29% in central cities; and 20% outside metropolitan areas; and 18% are located in the Northeast; 23% in the Midwest; 37% in the South; and 22% in the West.

To see how your home compares to the average, visit http://www.hud.gov/ and read findings about size, rooms, equipment, heating, plumbing, amenities, and neighborhood at RisMedia.

How does this affect you if you want to sell your Hamilton NJ home?  For instance, if your home only has two bedrooms, or 1800 SF or less, or no community amenities, realize your property may be harder to sell.  It's a good idea to check your "competition" and see what price other homes in your neighborhood are advertising, before you settle on a price.

I'm familiar with all the Mercer County communities, and am a native.  Call or email to discuss selling your home and what sales price you can expect.

Joe Giancarli, Sales Associate
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.newjerseynewhomes.blogspot.com/



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