Real Estate: Is Now a Good Time to Buy?
FOR SALE REAL ESTATE Is now a good time to buy? According to the National Association of Realtors, housing affordability conditions have reached their highest level since record keeping began in 1970. 210 Housing Affordability Index 206 190 - HOUSING AFFORDABILITY INDEX -... AVERAGE + 170 150 + 130 110 122 --...... 90 115 70 83 50 That means that right now, the typical family has roughly double the income needed to purchase a medium-priced home. However, not everyone is ready to take advantage of these abnormal market rates, and older investors are even more reluctant to jump back into the market. WEALTHY INVESTORS WHO BELIEVE NOW IS A GOOD TIME TO INVEST IN REAL ESTATE < 45 45-54 55-64 65+ 48% 40% This may be because they are still feeling burned from the decline in property values over the last several years. O 3% Substantially higher I 14% Higher O 15% The same O 36% Lower I 32% Substantially lower HOME VALUES OF WEALTHY INVESTORS TODAY COMPARED TO FIVE YEARS AGO PRIMARY ADVICE GIVEN TO YOUNGER INVESTORS Invest in the stock market 7% Save money in a CD or some other savings vehicle 4% In fact, many investors recommend that young people take a completely different Contribute to a 40MK) or other investment approach, Buy a horme while prices are low type of defined contribution plan 69% 20% So is now a good time to buy REAL ESTATE? Looks like that depends on who you ask... . BROUGHT TO YOU BY Other Data Sources: CORNER " MILLIONAIRE CORNER MILIONAIRE 1. www.realtor.org/news-releases/2012/03/ housing-affordability-index-hits-record-high
Real Estate: Is Now a Good Time to Buy?
Source
http://www.m...d-time-buyCategory
EconomyGet a Quote