Start Building Your Nestn=99 Now (NAPSA)—In 2007, a home was sold in the United States every 4.9 seconds. Although no one can predict the future, demographics will continue to drive long-term demand. Looking ahead through 2015, nearly 15 million new households are expected to be formed in this country. And all of those people will need a placetolive. Getting the jump now—when rates are low, inventory is plenti- ful and home prices are compelling—can be a great strategy for building your own nest egg and personal wealth. The experts at Realogy Corporation, the parent company of the CENTURY 21, Coldwell Banker, ERA and Sotheby’s International Realty brands, explain why: Great Rates. Mortgage interest rates remain very attractive and are at or near 40-year lows. Great Timing. The economic stimulus package recently signed into law provides a significant benefit to homebuyers and sellers. With the conforming loan limit raised—from $417,000 to as much as $729,500 in some market areas—more buyers can get lower interest rates. So if you saw a dream home you couldn’t afford last year, look again. e Great Long-Term Investment. Home equity is the largest oar re PLS ae | }> yi foe mar pis sg ran oe Homeownership can be a smart way to build your personal wealth for the future. single source of household wealth for most Americans. From 1972 to 2007, the median home price appreciated at a compound annual growth rate of 6.2 percent. To put that in perspective, a $25,000 investment back in 1972 at the same rate of return would be worth approximately $233,000 today. Maybe that’s why nearly two-thirds of Americans agree that renting a place to live is like throwing money away. To learn more about making your American Dream happen in today’s real estate market, contact a real estate professional at your choice of Realogy-affiliated brands by visiting www.realogy. com/consumers.
