Great find. I thought I would pull these two paragraphs out from the article:
"NAR's first-ever newspaper blitz features the headline, "It's a great time to buy or sell a home." The advertisement points out that interest rates have fallen seven months in a row and are near 40 year lows, inventories of existing homes are higher than they have been in decades and prices have stabilized. But the perfect conditions for buyers are likely to change as sales pick up, prices gain traction and conditions improve for sellers next year.
"Homeownership is a safe, secure way to build long term wealth. The national median price of homes bought ten years ago, has increased 88 percent," points out the NAR. With prices having risen 50 percent over the last five years, including a longer timeline circumvents criticism that the housing market traditionally only barely beats inflation by a point or two. It's done that and more in the last five years, but keep in mind, that previous to the boom the nation was recovering from a housing slump."
- Forums
- Property
- usa, circa 2006
usa, circa 2006, page-3
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