That was the overwhelming opinion, according to a new study just released by the Massachusetts Association of Realtors (MAR), a majority of home buyers in the state believe that their home purchase was a better financial investment than the stock market.
Fifty-four percent of all buyers made this statement last year compared with less than half of buyers (47 percent) in 2008. An additional 29 percent felt that their home purchase was at least as good an investment as stocks.
That leaves a mere 16 percent of new buyers who did not think their home purchase was a lucrative investment.
Is real estate starting to make a comeback as a wise investment vehicle?
With the Dow's recent dips and predictions that real estate has bottomed out, a trend may be once again emerging.
This same study, which was compiled by NAR, also showed that 92 percent of Massachusetts home sellers chose to work with a real estate professional last year. That is seven percent higher than the national average of 85 percent.
In fact, only five percent of sellers in this state tried to sell their homes on their own, which is considerably lower than the national number of 11 percent.
I have to hand it to Massachusetts - that seems like some pretty sound thinking.
Copyright 2010 - Claudette Millette, Broker, Owner,
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