WITH THE MARKET CORRECTION NEARING AN
END, HOME PRICES ARE EXPECTED TO RISE AGAIN.
- Research indicates that home prices will not go any lower. While
certain local markets may see limited price declines, the national
picture remains bright. Pending home sales were up 4.3% in August,
an early indicationthat buyers are returning to the market.
- The national median home price rose1.6% in 2006 and prices
are expected toSustain thru the fourth quarter of 2007. As
prices begin to rise again buyers who donot act now could be making
a costly mistake.
REAL ESTATE REMAINS THE BEST INVESTMENT AVAILABLE.
- The average home purchased five years ago has appreciated 49%.
Even with the recent 2.2% decline in the median home price, this
still equates to a more than 45% return on investment for the average
homeowner. Media reports of a vast market decline are deceiving,
and consumers will benefit from purchasing a home now before
prices begin to rise once again.
- According to Forbes magazine (using U.S. Department of Housing and
Urban Development statistics), U.S. real estate sale prices increased
more than 56% from the beginning of 1999 to the end of 2004.
The S&P 500 index dipped nearly 6% during that same period.
- While year-to-year fluctuations are normal, real estate remains one
of the best performing and consistent long-term investments.
Median existing U.S. home sale prices have increased on average
6.5% each year from 1972 through 2006, and 88.5% over the last
10 years combined. For consumers looking for long-term and
stable growth rates, real estate is still their number one choice.
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