What’s the long-term forecast for the local market?
A. Of course nobody has a crystal ball but market fundamentals tell us that this is the right time to realize the American Dream of homeownership. Plus, nobody knows how long this ideal market will last. Homeownership has historically been proven to be an excellent long-term investment, providing both equity and tax benefits over time. Given the leverage you get in purchasing a home, the average return on a five-percent-down payment over 10 years is usually three to five times greater than stock market returns.
