Home Equity, Retirement, and the Southern Oregon Real Estate Market
Using 20-20 hindsight to look back into the recent history of the Southern Oregon Real Estate market, we now see that starting around 2002, Southern Oregon real estate went on a remarkable 4 year run that ignored the internet crash and saw prices nearly triple. A home that sold for $60,000 in 2002 was up to $180,000 (and beyond) by 2005, securing lofty retirement goals through home equity more than just a dream. After a 5 year run like that, a real estate market correction shouldn’t have been surprising… but it was, catching not only home owners and investors off guard, but also the global financial community.
But ever optimistic I press on with the good news. Overall, the U.S. economy remains as one of the best global bets for investment, and the Southern Oregon real estate market continues to be one of the top retirement destinations with positive projections for home equity growth in the coming years. If you had been planning on a comfortable retirement before the financial meltdown upset your nest egg, Continue reading Home Equity, Retirement, and the Southern Oregon Real Estate Market
More on Topics: Equity, Estate, Home, Home Equity, Market, Oregon, Real, Real Estate, Southern, Southern Oregon, Southern Oregon Real Estate, Southern Oregon Real Estate Market
Posted July 13th, 2009 in Grants Pass Real Estate, Green Real Estate, Michael Masters, Real Estate, Southern Oregon Real Estate By Keyboard Culture| No Comments »
