Home Buying for the Long Haul Pays Off – Irvine Real Estate – Irvine Homes for Sale

by Robert Mack on December 10, 2010

in Buyers, Latest News

The era of get-rich-quick real estate is dead. The era of increasing long-term wealth in your home is back.

Historical data from the National Association of Realtors (and adjusted for inflation by Businessweek.com) show that in 18 of the 25 largest metro areas in the U.S., the value of homes purchased in 1990 had increased by 2010, often by double digits. And this in a year when real estate prices around the country have softened since their peak in 2006. These houses would have been worth even more a few years ago.

via businessweek.com for the complete article

The article puts it pefectly! “The era of get-rich quick real estate is dead”…

Real estate is a long term investment for most home buyers and real results are seen when you own a home for 10 or more years. Check out the great article above to read more about what zillow has to say about it!

Posted on Irvine Orange County Real Estate Market News

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