Average Real Estate Appreciation Rates And New York State

Average Real Estate Appreciation Rates And New York State

Average Real Estate Appreciation Rates And New York State

Posted on: February 06, 2012 - 8:16 pm
by Admin

Real estate can be an investment that funds the bulk of a person's retirement, but it can also lead to bankruptcy.

Military members often buy homes when they relocate for the many values that home ownership offers, such as peace of mind. For those living in areas with growth, the real estate market has been kind, allowing for them to leave a rental property behind to gain equity, or sell at a profit as the home has appreciated in just a few years.

Those living in areas where bases have closed down have seen the opposite. For this reason, it is not always wise to purchase a home in an area where military bases provide for the bulk of the economy, because when the base goes, so may home values.