Just in case you haven't been paying attention, the latest statistics from the National Association of Realtors show nationwide median home prices appreciated about 15 percent in the last 12 months. Of course, some homes appreciated less in value, but others appreciated even faster. Considering the typical homeowner paid a highly leveraged 10 percent to 20 percent cash down payment, the return on invested dollars for home buyers is too high for my calculator to compute. Purchase Bob Bruss reports online. Do you know of a more profitable investment than a house or condo? I don't. However, some houses and condos have not appreciated in market value during the last 12 months. Maybe there is an oversupply of residences available for sale in the community. Perhaps the major local employer ...
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