Is real estate the best investment? How does it compare with other economic trends? Shouldn’t I just invest in the stock market?
These are all questions you hear new home buyers ask when considering purchase of a property. There are of course social benefits to owning a home, but what about your long term financial stability? Three recent studies should put your nerves to rest.
RealtyTrac recently released a report comparing home price appreciation to wage growth over the last two years. The study revealed that home price appreciation has outpaced wage growth in 76% of U.S. housing markets during that time period.
And we all know the importance of home appreciation in determining the net wealth of most American families. Merrill Lynch just…