Skyline of Richmond, Virginia

State of the market

12.22.10

The market is still going through minor ups and downs with a minor downtrend theĀ  last few weeks. Still, a person who bought a home eight years ago is looking at a 24% gain if they choose to sell today. Better yet, homeowners who bought 10-15 years ago are looking at a gain of 40%, accoring to the NAR’s recent survey of home buyers and sellers. A home is still an excellent way to preserve capital and I continue to believe in it.

Just make sure to work with a professional who knows the business and please remember the fundamentals when purchasing or selling your home.