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Has There Ever Been a Better Time to Buy a Home? (Delaware Valley Real Estate - Northern Delaware)

Has There Ever Been a Better Time to Buy a Home?

(Delaware Valley Real Estate - Northern Delaware)

 

While Northern Delaware (Wilmington DE-MD-NJ Metro Area) house prices have declined since the peak of the market (down 13.74% since 2006*), prices have appreciated over the past ten years (up 58% since 2000*) and housing (in my opinion) has become the most attractive asset class in America, especially for investors, as well as, home buyers looking to stay put for a while.

 

You may be asking yourself: "Has There Ever Been a Better Time to Buy a Home?" Well, there is a time for everything, including buying a home. But how do you know if the time is right for you? In the Fall/Winter 2011 issue of The Chairman's Report (Northern Delaware Edition), Larry Flick, Chairman and CEO of Prudential Fox & Roach REALTORS, looks at several ways of answering this question using regional market trends.

 

*Source of Above Data: Case-Shiller Home Price Index. Single-Family Aggregate Index, 2000Q1=100), SA (Wilmington DE MD NJ Metro Area Counties: New Castle, DE, Cecil, MD, Salem, NJ). 

 

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 Letitia Stevenson, REALTOR®  | Licensed in DE, PA & MD |  

Berkshire Hathaway HomeServices Fox & Roach, REALTORS® 

(Formerly Prudential Fox & Roach, REALTORS®)

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New Castle County ($750K+) | Chester County ($1M+) | Delaware County ($1M+) | Montgomery County ($1M+) | Philadelphia County ($1M+)

Comment balloon 5 commentsLetitia Stevenson • October 28 2011 02:34PM
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