Posted: 08 Dec 2010 04:00 AM PST Has real estate been a good investment over the last decade? Many people would be quick to answer ‘no’ to that question. However, they would be wrong. Real estate prices in this past decade have appreciated nicely despite the challenges over the last four years. Forbes.com reported on this issue two days ago:
According to Radar Logic, the value of a square foot of housing in the U.S. is up 58% from its January 2000 level. That represents an average annual gain of 4.3% in the value of one square foot of housing. According to the Case Shiller Pricing Index, home values are still up 34.9% over 2000 prices. How did real estate compare to the stock market? Forbes answered this question:
Bottom LineEven in what many consider a sub-par decade for the housing industry, real estate proved to be an excellent investment. This article is by The KCM Crew |
All things Key Biscayne, from real estate to shopping to restaurants to fun in the sun.
Wednesday, December 8, 2010
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