With stocks down 30 percent over the past year and home prices up 7.5 percent, scared investors looking for a safe harbor are flocking to realtors.
While the market swings like a roller coaster, homes are rock solid. Since the 1960s when records were first kept, there has never been a calendar year when the median home price declined.
Another advantage is that a home is an investment you can live in and one where you deduct your mortgage interest.
When you sell it, the tax break is sweet for a married couple -- up to a $500,000 tax exemption.
Even though home prices are up, mortgage rates remain near all time lows, making homes affordable.
|Get the ingredients you need to cook with Rach all week long.|
|Full length exclusive concerts from hot artists.|
|Take a break!
Classic Pacman, Frogger, Asteroids and more.
Sell almost anything locally.