Summer 2005 (July)

Pheasant Run On-Line

Newsletter/Statistics

Welcome to the Pheasant Run

On-Line Newsletter!

We hope you have been staying current with the news of the neighborhood and the statistical data we have continued to provide on our web site. Our objective is to make our web site a best resource for you and your family for real estate information and also for general help with most things that concern homeownership. We continue to find great links to information and businesses that we think will be an asset to anyone looking at our site. Want to put new counters in your home to give your kitchen a new look? You can find a link on our site. Thinking about building a new home? Look at the resources on our site. Want to get some great ideas about updating and what updates bring the most dollars back in your pocket? Look at our site! Want to see what your home is worth? Look at the statistical data in our newsletters on the Pheasant Run tab to keep updated on the approximate value of your home.

Pheasant Run Statistics (April – June 2005)

Is Real Estate still your best investment?

With all the doom and gloom about the “Bubbles” expected in Real Estate market, many people are concerned that real estate may no longer be the best investment the average buyer can make. Though there may be some markets nationally that may experience less than optimal return at times or in the future there are a few things to be considered.

1. Every savvy investor has a portion of his investment in real estate. The most savvy have a lot of their investment in Real estate.

2. Unlike stocks & bonds, real estate is a hard commodity. It’s tangible. You can see it, feel it and sleep on it.

3. They’re not making any more of it. Once it’s gone it’s gone. It is the ultimate in supply and demand. Even food can be grown on most of it.

4. In the Midwest, there is no history of the real estate market going through the “boom bust” cycle. Those are the markets most likely to experience a “bubble”. Even the Las Vegas market with a 52% appreciation rate last year is not expected to be a projected “bubble” market.

5. Ask the investor who has lost his shirt on Wall Street where he wishes he had his money invested. Guess where his money is today?

The one thing you can pretty much count on is that for our local market, it isn’t going to get any less expensive to buy real estate than it is today. The local reports on the news just this month indicate that there are about twice the number of homes on the market than there was last year at this time. What they didn’t say is that is that 33% of the homes on the market traditionally will not sell. It’s because either the price is too high or the condition is too bad or both. That percentage has not deviated at all this year. Nationally that percentage is low. In other words your property is more likely to sell here than in most markets across the country. The proverbial “this is best time to buy or sell real estate…” is as true today as it has ever been.

Bev’s Summer Recipe