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What´s Your Best Investment?
If you had purchased $1,000 of shares in Delta Airlines one year ago, you will have $49.00 today. If you had purchase $1,000 of shares in AIG one year ago, you will have $33.00 today. If you had purchased $1,000 of shares in Lehman brothers one year ago, you will have $0.00 today. If you would have invested in Wisconsin Real Estate- it would have gained 1% or you´d have $1,010.00* What does this mean? Real Estate is still one of the most sound investment you can make and over time, in Wisconsin, we´ve faired better than most markets. I believe recent number can show that.* The Midwest has been strong and steady. That is how you want your investments to perform. Have we hit bottom? Maybe not in all parts of the US, especially some of the leading foreclosure states, but many feel, yes we have hit bottom in Wisconsin. I believe the worst is over for the Metro Milwaukee area and I am looking forward to a strong spring market. * ( per the Office of Federal Housing Enterprise Oversights (OFHEO) recently released Home Price Index see page 2 of newsletter)
Of top 25 metro areas, Milwaukee is only one where home prices rose
Posted: Oct. 2, 2008
Home prices fell in all but one of the top 25 metropolitan areas in the United States in July, a report released Thursday says. The sole area where home prices rose: Milwaukee. According to New York-based real estate data company Radar Logic Inc., home prices rose 2.9% on a square foot basis in the Milwaukee metro area compared with July 2007. The next-best showing was in Chicago, where prices were down 1.2%. The largest declines were concentrated in California and the southwestern states, where foreclosure-related sales weighed on average sales prices. Prices plunged 33.4% in Las Vegas, 28.1% in Los Angeles and 28% in Phoenix.
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