"There's Inherent Value in the Housing Market"
September 26, 2011
When I arrived at my desk this morning, my eyes caught the newspaper clipping that I had saved. There it was, complete with it's op ed piece headline "There's inherent value in the housing market". On an overcast autumn day, this article's message was a great way to start a new week.
The economy may be teetering and the world may be full of unhopeful news, but the writer of this piece wants his readers to remember that, over the long term, homeownership has value.
With mortgage rates at historic (50 year) lows and prices back to 2002, 2003 levels, and the affordability index somewhere in the 60% range, buyers are coming back into the housing market.
Besides the potential for monetary gain in value, owning a home has other values. Stability of location, putting down roots, being part of a community and of a neighborhood are some of these benefits. Designing your own decor or growing your own plants or leading a certain lifestyle all can come with the purchase of a home.
Such wonderful, positive thoughts for a Monday morning!
When I arrived at my desk this morning, my eyes caught the newspaper clipping that I had saved. There it was, complete with it's op ed piece headline "There's inherent value in the housing market". On an overcast autumn day, this article's message was a great way to start a new week.
The economy may be teetering and the world may be full of unhopeful news, but the writer of this piece wants his readers to remember that, over the long term, homeownership has value.
With mortgage rates at historic (50 year) lows and prices back to 2002, 2003 levels, and the affordability index somewhere in the 60% range, buyers are coming back into the housing market.
Besides the potential for monetary gain in value, owning a home has other values. Stability of location, putting down roots, being part of a community and of a neighborhood are some of these benefits. Designing your own decor or growing your own plants or leading a certain lifestyle all can come with the purchase of a home.
Such wonderful, positive thoughts for a Monday morning!
posted by shirley harry at 8:01 AM
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