Friday, December 10, 2010

Home Buying for the Long Haul Pays Off - BusinessWeek

Rosa Pace Ut Realtor Despite the slump, housing remains a good long-term investment—in the right markets. The era of get-rich-quick real estate is dead. The era of increasing long-term wealth in your home is back. Historical data from the National Association of Realtors (and adjusted for inflation by Businessweek.com) show that in 18 of the 25 largest metro areas in the U.S., the value of homes purchased in 1990 had increased by 2010, often by double digits.

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