Existing Home Sales UP by 5.5%

According to the National Association of Realtors, the sales of existing homes rose by 5.5 percent from August to September to a seasonally adjusted annual rate of 5.18 million units — far better than the flat results analysts had expected. Prices, however, continue to fall, with the median sales price dropping to $191,600, which is down by 9% from a year ago. Since the 1990's, in five year increments, the average appreciation in property was roughly 25% appreciation in each five year increments. From 2000-2006, the appreciation in home values rose to a unbelievable 89% across the country. This is the major reason the values of homes have dropped so dramatically. Historically when you look at a gain for every 5 years at 25-30% and then see 89%--something is not right. Over the next few years, we are going to continue to see a correction in the marketplace. With building costs still very high, we believe that existing homes will continue to grow in the next year. Sure the prices will be adjusted--most likely we will see a 10% drop in if we follow the national statistics put out by the National Association of Realtors.
With interest rates very competitive and the value of homes also very competitive, it is a great time for you to look at real estate as a great investment for your future.

Real Estate investment has continued and in our opinion, will continue to out perform the stock market in the years ahead. And equally if not more important--it provides many the happiness of homeownership.

Fore more information on real estate offerings, visit http://www.badgerrealty.com/; or contact the Team at Badger Realty, 2633 White Mountain Highway, North Conway, NH 03860; 603-356-5757; info@badgerrealty.com