plano real estate: The American Dream is not Dead - 11/06/10 12:47 PM
Does owning a home still make economic sense? Absolutely YES.  A little perspective is in order....
Anyone who believed that home prices would never fall has learned a valuable lesson.  Since the national peak in 2006 home prices have fallen roughly 30% per the Case-Shiller price index.  The good news for us Dallasites is we have seen only an average of 4.2% during the same time period.  The Federal Reserve shows the value of residential Real Estate owned by households has fell to $16.5 trillion in the first quarter of 2010, down from $22.9 trillion in 2006.  Depressing?  Yes, but the … (1 comments)

 
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Jeff Stokes

Coppell, TX

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RE/MAX DFW Associates

Address: 500 S. Denton Tap Rd Ste. 100, Coppell, TX, 75019

Office Phone: (972) 393-9602

Cell Phone: (214) 263-2660

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