The typical seller who bought their home 8 years ago saw a 24% increase in equity (median gain of $33,000).
And those who were in their homes for 11-15 years saw a median gain of 40%!
So clearly, even with a decline in prices theses last few years, a home is still a good investment. And it seems like many agree. 85% of recent home buyers surveyed consider their home a good investment and almost 50% of them think that it is an even better investment than the stock market.
All statistics are from the National Association of Realtors latest survey of home buyers and sellers and can be found at www.realtor.org/research
If long-term home ownership is your goal, call me today to help you find your next sound investment.
And thank you for making me Your Orange County Real Estate Specilaist!
Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GRI GREEN
2007 President, Orange County Association of Realtors