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Benefits of owning a home
-Despite recent slowdowns in some markets, housing remains a good long-term investment, and demographic demand favors housing over the long term.
-Homeownership offers immediate benefits and long-term value. Homeowners accumulate wealth for the future while enjoying the benefits of a shelter that they can use, improve and sell.
-Many buyers know that homeownership is an investment in their future. More than three-quarters of all recent buyers believed their home purchase was at least as good as an investment in stocks.
-According to the 2007 NAR Profile of Home Buyers and Sellers, first-time home buyers made a median downpayment of 2 percent, while repeat buyers who financed their purchase put 16 percent down, indicating the wealth-building effect of homeownership.
- From the National Association of Realtors website: http://www.realtor.org/
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