First Colorado Land Office, Inc. Salida, Colorado Real Estate
7385 W Hwy 50
Salida, CO  81201
719-539-6682
mountain cabin salida colorado
brown bar for salida colorado real estate
Salida Colorado Real estate
brown bar for salida colorado real estate
NAR Campaign Talks Up Value of Homeownership. article from Realtor.org

The National Association of REALTORS® is reaching out to consumers with the facts
about home ownership and the value of real estate as a long-term investment.

Would-be home owners who are uncertain about their home buying plans can learn more
about the options available to them and the long-term benefits of owning a home through
a new advertising campaign that will provide current, relevant housing data to help them
make informed decisions about buying a home.

Over the past 30 years, the median price of existing homes has increased an average of
more than 6 percent every year, and home values nearly double every 10 years,
according to historical data from NAR’s existing-home sales series.

What's more, a Federal Reserve study has shown that the average home owner's net
worth is 46 times the net worth of the average renter.

Despite this and other research, some potential home buyers are being kept on the
sidelines as they react to national media reports about the housing market.

“Nobody buys a home in the national real estate market,” says NAR President Dick
Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif. “All real
estate markets are local. ... It’s also advisable to look beyond the immediate horizon —
real estate has proven itself to be a good long-term investment and a safe, secure way to
build long-term wealth.”
A wealth of housing data clearly demonstrates that housing is a good long-term
investment. According to a study by the U.S. Department of Housing and Urban
Development, 60 percent of a homeowner’s wealth is from the equity they have
built in their home. A Federal Reserve study has shown that the average
homeowner’s net worth is 46 times the net worth of the average renter.
Over the past 30 years, the median price of existing homes has increased an average of
more than 6 percent every year, and home values nearly double every 10 years,
according to historical data from NAR’s existing home-sales series. Thanks to the power
of leverage, a homeowner’s return on investment is even more impressive over time.

For example, over 10 years, a $10,000 investment in the stock market at a normal 10
percent market rate of return would yield $23,600.
The same investment as a down
payment on a $200,000 home at a normal appreciation rate of 5 percent would
return nearly 5 times the stock market return, at $110,300
.  The appreciation rate
of the property more than off-sets the interest payments on the mortgage.   Compare to
renting where the is no return on investment for the renter and the benefits of investing
in ownership are obvious.
Salida buena vista chaffee county collegiate peaks arkansas valley san luis valley real estate colorado
Salida - Buena Vista - Chaffee County - Collegiate Peaks area - Arkansas Valley - San Luis Valley
Home page for Real Estate  in Salida
About Jon Adams and First Colorado Land Office, Inc.
Contact for more information
Salida Real Estate listings, MLS
Colorado Foreclosures
Knowledge center for buyers.
Knowledge center for sellers.
Mortgage knowledge center.
Utilities contact information
Local information for Salida, Colorado.
Links to Salida information