Flipping through the real estate section of the Sunday paper this past weekend I came across a story that speaks wonders to the real estate market. The headline of the article was "Time to nibble on property?" The article was about how real estate is a long-term investment. Many people I speak to about the slumping real estate market simply think of real estate as a quick investment and don't look far enough into the future to realize how their investment will increase in value over the long-term. While property values may increase and decrease in the short-term, the overall trend in real estate is always price increase!
Here is a link to the article for those interested: http://www.northjersey.com/realestate/property082408.html