May 22, 2013
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.
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