Buying a Home Isn't Stupid!

Buying A Home Isn't Stupid, Says NARby Blanche Evans
The National Association of Realtors has had its share of battles this year, but none is more frustrating than the national media telling homebuyers that investing in a home is a stupid idea.
First, they keep trying to make real estate into a national market, and then they treat the approximately 2 percent loss in housing prices for 2007 like the Crash of 1929.
From the Housing Bubble to the Mortgage Meltdown, the press has been relentless, even though most people have lost more money on their SUV's and their stock portfolio than their homes this year.

Stocks and houses aren't the same. Over 10 years, a $10,000 investment in the stock market at a normal 10 percent market rate of return would yield nearly $24,000. The same investment as a down payment on a $200,000 home at a normal appreciation rate of 5 percent would return nearly 5 times the stock market return, or over $110,000.

Read the entire article at:

http://realtytimes.com/rtapages/20071120_buyinghome.htm


As of November 20, 2007 the 30 year fixed interest rate for owner occupied homes is 6-6.25%. It is a GREAT time to buy a home.


Jim Lubinsky
Mary Williams
Re/Max Affiliates
614-766-5330 ext 119