To keep in perspective: nationwide.
Even with several years of price declines, the typical seller who purchased a home eight years ago experienced a median equity gain of $33,000 - a 24% increase - while sellers who were in their homes for 11 to 15 years saw a median gain of 40%. That's according to the latest survey of home buyers and sellers conducted by the National Association of Realtors. (available at: www.realtor.org/research )
"85 % of recent home buyers see their home as a good investment, and nearly half think that investment is better than stocks", says Paul Bishop, NAR vice president of research. "This indicates the long-term view of home ownership as a fundamental goal and value remains sound."
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