Quote:
Originally Posted by JMEZARIC3
We purchased a Patio Villa in Lynnhaven during May 2013.Prices on similar Patio Villas are now 15 to 20% higher.Not a bad return for one year.I wish that we purchased in 2011.Our gain would have been 30 to 40%.
But folks who purchased Patio Villas at the market peak(2008?) are now able to sell at a small gain. The housing market goes up and down.In the long run purchasing a home is a good investment.
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I believe the market peaked in 2006.