Saturday, September 19, 2015
Evans compared the S&P 500 Index climbing only 5.2% in the 12 months through June 30, and it plunged 11% from August 17 to August 25, making homes a more stable buy, not being subject to daily fluctuations.
Not unexpectedly, sales of single family home numbers are declining with record low inventory. 2Q sales total 50 and the previous year totaled 64. Condo sales climbed 13.8% to 165 from 145 a year ago. Evans said, “People are holding on to their homes because they are such a good investment.