Below are some numbers that I found to be pretty interesting. The housing market has been consistent over time with appreciation and continues to be a solid investment.

Similar to other long-term investments, real estate will have it's ups and downs, but over time will increase in value.

 

Here is The Current Median Sales Price of U.S. Homes (found on Realtor.org)

WEST -                    $341,300

MIDWEST -              $165,300

SOUTH-                   $185,000

NORTHEAST-            $276,800

 

National Trends in the US on Average Home Value

1990                        $95,500

1995                        $112,900

2000                        $139,000

2005                        $219,600

2007                        $222,600

 

Purchasing a home is a good investment

because it builds equity over time. However,

to base spending on perceived equity is a bad

idea, equity is not tangible until it is released!

You should never refinance your home for the

purpose of making any type of investment.

 

 

0 Comments on The real estate market - trends

Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Laurie Scalf (RE/MAX Resources)
Laurie Scalf
Dayton, OH
More about me…
RE/MAX Resources

Office Phone: (937) 427-2525
Cell Phone: (937) 470-7879
Email Me
Dayton Area Real Estate market statistics and helpful information. From averages to mortgages to avoiding mistakes that buyers make. Helpful information is a click away.

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find OH real estate agents and Dayton real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved