Real Estate Historically is a Good Investment

People ask all the time, is it a good time to buy? The answer is if you view real estate as a long term investment….the answer is almost always “yes.” Nationally, since the 1940’s home prices have risen an average of 4% annually. The National Association of Realtors began tracking statistics in 1968 and since that time, the average annual increase in median sales price has been 6%. In the local market, while prices rose slightly during the peak of the recent market, our appreciation was not as dramatic as other parts of the country (e.g. California, Arizona, Florida) but on the positive side, it also was not as dramatic of a decrease either. Markets in some other parts of the country have been devestated by the rapid depreciation in sales prices and many people now own homes that are worth less than what they owe. Over time, most of these homeowners will recover the value of their homes if they view this as a longterm investment.

Median prices in Rochester remain stable and the 2nd and 3rd quarters of 2009 have been very strong. At Nothnagle Realtors, the 2nd quarter of 2009 equalled 40% of all sales that occured in 2008….a tremendous quarter for the company.

There are many benefits to homeownership and today is a great time to buy a home. Many people jump in when the market is “hot” but the ideal conditions exist today with the low interest rates available, healthy supply of inventory to choose from and the promise of a solid long term investment.

Nothnagle agents are trained to handle all market conditions and have the experience and expertise to guide you. Call a Nothnagle agent direct or 899-MOVE to get started.

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