This is an excellent article regarding the return of the real estate market. Annual increases are expected through 2017.
For example, if a $150,000 property increases at 3% per year…that is approximately $4,500 in the first year and over $25,000 over 5 years (compounded).
Now the property is worth approximately $175,000!
If a buyer puts down 10% or $15,000 then the rate of return to the buyer is ..
$4500/$15000… Or over 30% per year!
This beats any stock market…or other investment!
Homeownership….the key to a long term stable economy!
Commentary provided by Jim Imhoff, CEO, First Weber Group
View firstweber.com to see available homes for sale and get in on the return of the real estate market in Wisconsin.