Where should you put your money now that the election is over?
Randall Forsyth reported for Barron’s that Byron Wien admits the S&P did better than expected in 2012, but does not anticipate a strong a year in 2013.
Zillow reported in the Home Price Expectation Survey that prices will tick up a bit which echoes what the Urban Land Institute Study found. To varying degrees, Bulls and Bears agree that the real estate market will continue to improve. As an investment, real estate has a proven track record, especially when compared with Wall Street. The real estate market has demonstrated in a big way a better return on investment, and it has traditionally been a long-term investment. It was after the real estate market became a vehicle for short-term investment and very risky behaviors found their way into an otherwise conservative residential real estate market and those overlapping markets that a troubling tidal wave emerged.
We’ll have less uncertainty in the financial markets once we know who will be in office, but the real estate market has a proven track record.
If the mortgage you are getting is $200,000, double that number in the left-hand column. If you’re buying a $350,000
house, take that last number and multiply it by 3 1/2. The most compelling piece to look at is the top number $609.23 and the bottom number $443.48. A BIG savings.
Look at your financial position and the big picture. It’s a great time to buy!