There has been much debate on the value of home ownership in recent years due to the shaky real estate market.   Gone are the days of flipping homes as a means of investment, which took place when the market was in its prime.  The short lived trend left many investors struggling when home prices bottomed out and home values drastically declined.  Winchester saw its fair share of the crumbling economy’s rubble, and many began to doubt the real value in owning a home in Winchester. 

Yet, as the housing market begins to steady, we see a new trend of home buying.  There’s a sense of buying to stay put for the long haul and therein lies the value.  It is a buyers’ market as home prices are still at an all-time low, along with unheard of mortgage and interest rates.  However, many still feel leery of jumping in with both feet due to the lack of confidence that the housing market will continue to improve.  So, where do you go from here?

Recently, NAR 2010 President Vicki Cox Golder noted that, "Despite swings in the housing market in recent years, the fact is most long-term owners see healthy gains in the value of their property."  Americans are still buying- they are just doing so in more measured steps.  Surveys show that many are buying for the reasons such as the desire to own a home, the desire for a larger home, a change in family situation, a job-related move, and the current supply of affordable homes.

Perhaps there’s a collective maturing in America and, with age comes wisdom.  We’re recognizing that making a quick buck rarely pans out, and that when it comes to our homes; buying within our means and with the intention of settling in, is where the true investment lies.  Communities are then able to grow together and build solid foundations for the future.

Winchester has established itself as this type of community.  Its residents understand the idea behind home value and are buying for ten years down the road.  If you have questions about buying a home as a true investment, feel free to contact me.  I can help you find the home in Winchester that offers longevity and one that you’ll enjoy for years to come!

Please contact me with any questions or if you’re interested in learning more about the North of Boston Real Estate market!

Searching for a new place in Winchester to call home? The Sven Andersen Team makes it easy for you to search for your new Winchester home. This FREE, NO-OBLIGATION service can help you find the home of your dreams! Simply visit http://www.northofbostonlistings.com/ and fill out the form to start your auto-email home search today! It's just that easy! The Sven Andersen Team is always willing to help and will always respect your privacy; we leave it up to you to contact US when you're ready to buy or sell in the Winchester area.

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If you, friends, relatives, or colleagues are considering buying or selling a home, condo, or land, please consider contacting Sven for assistance in your search. Sven coverage area includes: Winchester, Belmont, Medford, Woburn, Lexington, Arlington, Melrose, Stoneham, and Reading.  We also offer a complimentary referral service, called "Anywhere Agents," to assist folks who are looking to buy or sell outside our coverage area, including international locations. We will interview prospective agents in the area(s) you or a family member are considering to assure you get the most knowledgeable Real Estate Professional to assist in your home buying/selling needs.