Real Estate Investment
Lee Lansford, Broker, assists select investors in the identification and acquisition of residential investment properties.
Real estate has long been the investment of choice among those who value the staying power of residential properties as a long-term investment.
The early years of the new millennium were marked by rapid and significant price appreciation in most locations that comprise the Chicago metropolitan area.
But, such is not always the market norm. Real estate may enjoy periods of notable increases in housing prices, periods of modest price appreciation and periods of relatively flat prices. At some point, some neighborhoods even go into decline.
However, real estate, in the correct location, remains a good investment opportunity though it should not necessarily be viewed as “get rich quick” scheme.
Price appreciation is an important component of real estate as an investment. According to the records of the Northern Illinois MLS (for all single-family attached and detached housing), the following was found for sold properties in Cook and DuPage counties:
Average prices are not indicative of price appreciation (or, depreciation!) for specific housing in any single neighborhood! Each situation—each neighborhood—is definitely unique and the average price does not tell the entire story.
If you have questions regarding any particular neighborhood and housing type, contact Lee Lansford!
Lee Lansford, Broker, is available to select buyers of residential properties for either investment or “home” needs.
Please contact Lee for details.
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