As the stock market remains bearish and portfolios continue to make only minor gains, the demand for homes has never been higher.
It is with this economic trend that more people are opting to invest in one of the most enduring forms of equity: real estate.
Nevertheless, according to the 2000 census, there are more than 35 million families who rent.
Experts say that while many families are interested in home ownership, a major obstacle they face is the down payment.
Enclaves Group Inc., a spin-off of N.Y.-based real estate corporation Homes For America Holdings Inc., has created a “lease and own” program called Your Home, which the company devised to enable renters to enter the homeowner market.
“The Your Home Program is simple to understand and accessible to all Americans,” said Mark MacFarlane, chief operating officer of Enclaves Group. “This creative program has no down payment and offers a structured purchase plan that creates home ownership equity for the working family.”
In fact, MacFarlane noted that while the demand for housing has spurred the construction of new homes, traditional financing...