Monday, August 7, 2017

Why buying a home is a good investment in the US.





According to the U.S. Census Bureau, the median U.S. home value was $119,600 in 2000. It rose 96% by the end of 2016 to $235,000, roughly doubling over 17 years. That's an average annual increase of 4.1%, well above the inflation rate.




Of course, the United States is a big country, and prices vary from region to region -- and the rates at which regional prices rise (or fall) vary, too.

For example, between mid-1996 and mid-2016, home prices rose 74% in St. Louis (that's 2.8% annually, on average), compared to 158% in Boston (4.8%) and 257% in San Francisco (6.6%). According to CNNMoney (New York).





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