We have talked a little bit about real estate as an investment. Today we are going to explore that briefly, and tomorrow we will continue discussing differences in investments and diversification.
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| Sacramento Housing Prices |
Looking at Home Prices: Follow these steps to research a homes value
- Let's take a look at the web site Zillow -- a site built to let people see what use to be secret information shown only to real estate sales people. Here's a link to my house on Zillow: (CLICK HERE).
- First, look at how the page is set up and see what information is available for my neighborhood.
- Next, look at the graph showing the homes value. Click on "10 years" to view the 10-year history (if not already selected).
- You can see the housing market "crash" in Kelseyville by looking at this graph. You can see where the previous owners bought [and lost] the house and where my family bought the house. This is why having a basic understanding of how the housing market works can help you.
- Check your address [or a friend/family members] and see what their house value has done.
- Write a paragraph giving me your expectation of what the housing market will do in the future. Will it go up or down? Why do you believe that?
- Write a paragraph discussing how real estate investments are similar and different from other types of investments (like precious metals, the stock market, etc.)
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