Locally, we are coming off the most active August in 4 years (read article) where home sales finished with the highest number of signed contracts in four years. Buyers are getting less reticent about getting back into the market. A fascinating set of statistics was just released showing that an investment in real estate in 2000 returned 41.3% while dramatically outperforming the Dow, S&P and NASDAQ according to Case Shiller & MSN Money. Investing in real estate for the long-term is becoming even more compelling especially with the historically low interest rates.
