Steve Rodgers, President & CEO, Prudential California Realty put together some interesting items that you may find interesting.  I did.  “For something to be newsworthy, a story must be immediate,” he says.  “That’s why the current real estate market is a hot media topic and why the long view doesn’t get much ink or airtime.”

Feast your eyes on this:1969 “The goal of owning a home seems to be getting beyond the reach of more and more Americans.  The typical new house today costs about $28,000.”  –Business Week

1977 “The median price of a home today is approaching $50,000.  Housing experts predict price rises in the future won’t be that great.”  –National Business

1985  Median home price $152,720.  “The golden-age of risk free run-ups in home prices is gone.”  –Money Magazine

1996 Median home price $194,382.  Defense cuts had triggered steep home price declines.  “A home is where the bad investment is.”  –San Francisco Examiner

As of 2006, average median home price was $556, 640.  Who would have believed that?  All you naysayers out there who think this is a terrible market remember, “a home is the most enduring investment most of us will ever make.” 

I am personally challenged by every type of market and so is my partner.  No matter what the media is forcing you to swallow, it is an exciting time to be playing on the chess board of real estate!  We’re there and we’re ready for you!