You Must Be A Homeowner To Catch The Boom
April, 2008
- For 44 years, real estate values have risen an average of more than 6%
- The average return on a 20% down payment is more than 32% per year
- The media has sensationalized the "bubble" idea as values are actually below their historical trend line
- Values did rise quickly during the so called bubble, but that had followed 20 years of below average growth
- Mortgage Rates are near all time lows
- Inventory is higher than average but in-line with common cyclical levels
- The US population continues to rise and with it, so does the need for housing
- Housing values have risen through all six recessions in the past 44 years
- Housing values have risen through wars, stock market crashes, terrorist attacks, corporate scandals, oil embargos and even when mortgage rates peaked over 18% - they're now under 6%!
- Over time, values are likely to continue along their historical trend
- Buying in a buyer's market is the best time to get a great deal

REALTOR® Susie Cammett presents check from the proceeds of a recent fund raiser organized by McCaffrey Realty Professionals to the Regional Animal Shelter in New Milford.
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