5 Reasons to buy a home NOW!
Home prices are starting to climb
According to a report from the National Association of Realtors (NAR), sales of existing U.S. homes jumped 12.3% in December. The upbeat month for home sales data comes at the tail end of what was a weak 2010. Annual home sales saw a 4.8% drop in the metric from 2009 levels, but the final month rise in sales could be the beginning of more upside in the sector. The NAR report also shows that although there is still a lot of inventory in the property market, those inventories have been gradually going down. Inventories in December of 3.56 million homes represented 8.1 months of supply, compared with 9.5 months in November.
Inground Pool -Brick Pace Home! 1700 SF Only $134, 900!
Stock prices are too high
Buying a home is not only a deeply personal decision; it’s also a very serious investing decision. Should you invest in a new property now, or would you be better off funneling that money into stocks or other investments? Consider this — stock prices over the past 12 months, as measured by the S&P 500 Index, are up over 25%. What this means is that if you are a long-term investor looking to put money to work, now is not really the best time to get into equities. Conversely, median home prices in 2010 were up just 0.3% according to the NAR. In equity market terms, a home could be likened to an undervalued stock.
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Realty Masters of FL
4400 Bayou Blvd. #58B, Pensacola, FL 32503
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