Real estate compared to stocks…
Where’s a better place to put your money: the stock market or real estate? These days the accepted wisdom (at least at cocktail parties) says to pick real estate. But is the accepted wisdom right?
It is–in the short term. U.S. real estate sale prices increased more than 56% from the beginning of 1999 to the end of 2004, as tracked by the Office of Federal Housing Enterprise Oversight, part of the U.S. Department of Housing and Urban Development. The S&P 500 index dipped nearly 6% during that same period. Looking at these numbers help reinforce the reasons to own and buy more Island real estate for the long term.
We are going to share the good news every chance we get. It may not sell papers, but face it, we all could benefit from a little encouragement. I’ve researched and prepared the table below to show residential Hilton Head MLS properties compared it to the Dow, Nasdaq and S&P. If the chart cannot be seen on your computer, please click on the pdf above.
The real estate market is not the stock market. However, because the press continues to draw a correlation, we thought we would do a little comparison. Here is what it would look like if we compare real estate to stocks. (HHMLS is Hilton Head Multiple Listing Service)
The silver lining right now is that our Island Real Estate market has been a better long term and more stable opportunity. Right now with the larger Island inventory (this never gets too large as it is an Island of limited size and number of properties) to choose from and interest rates holding at historically low levels, the number of potential buyers that can find what they are looking for is at the highest level in years.
“Buy land, homes and villas, they ain’t making anymore” If you would like to do some research and see some incredible properties with incredible values, please click on the lighthouse above.
I invite you to share this good news with friends and would love to hear from you anytime.
THINK Hilton Head Island Real Estate!
Best regards,
Robbie Bunting and Jane Hyers
Associate Real Estate
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