There is an interesting post over at Seeking Alpha today about the average date you would have had to have purchased a home in any of 20 metro areas around the country to have made money given the recent setback in home prices.
I’m sure its not terribly accurate, its all about average home prices afterall, but its interesting nonetheless.
The author (Bill Conerly) digested the recent S&P/Case Shiller Home Price Indices report to gather the data. A taste of what he found is below (direct quote from his post):
Seattle: If you bought before June 2006 then you probably have a profit.
Cleveland: If you bought before May 2002 then you probably have a profit.
Miami: If you bought before September 2004 then you probably have a profit.
Read the full article here
0 Comments on “Real estate profitability dates from 20 US Metro areas”
Leave a Comment