The uninformed would have you believe that no one can get a mortgage and that no homes are selling. These numbers compiled by the National Association of Realtors shows different.
The mortgage rates are still at historic lows. Combined this with the downward pressure on pricing created by foreclosures and short sales and the affordability index of homes has never been greater.
Even after the housing market slump the return on investment of real estate vs. any other form of investment is still almost 4 to 1.
Housing experts are predicting very modest appreciation in the housing market over the next 3 years.
Home prices will rebound over the next 5 years creating modest equity gains for todays buyers.
Please share this information with your friends and family. I am trying to provide people with some of the positive news and numbers regarding the real estate market. If you have any questions or concerns regarding this or any report please feel free to contact me.