Monday, January 10, 2011

Los Altos: Home Is Still a Good Investment.

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: )

"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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