Real Estate Facts: Real Estate is a Long-Term Investment

October 2007
(574 words)

The news media is all abuzz these days with information about what is happening in the real estate market. But if you rely on your national newspaper or TV network to tell you whether now is a good time to buy or sell, you may be missing some great opportunities. To get the proper perspective on the value of real estate, you have to go right to the source, and that means talking to a REALTORin your local market.

According to 2007 NAR President Pat V. Combs, “Perceptions about real estate have been skewed in recent months due to the overwhelming focus on national figures. While average sales and prices help us identify trends, the fact is all real estate is local – conditions vary greatly from one city to the next. Unfortunately, that news is largely unreported.”

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