On my last post I talked about the 7 reasons to own your own home. I would like to expand on each point in that blog. The first point I've already talked about...the extended $8000 first-time homebuyers tax credit and the $6500 move-up buyer tax credit.
I would like to focus on the second point - appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005 according to the NATIONAL ASSOCIATION OF REALTORS®.
In the past 8 years in the 9 county metropolitan Indianapolis area, the average home sales price has increased 3.7%. Also, in the past 8 years the number of sold homes has increased 13.6%. (data based on the Metropolitan Indianapolis Board of REALTORS)
Over the past year there has been a lot talk about the state of the real estate market, but as you can see from the numbers investment in real estate has long-term, stable growth. To learn more about owning a home, contact Kammeyer Realty Group at 317-570-3800 or visit us at www.KammeyerRealtyGroup.com.
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