Foreclosure Cash

Real estate investing has attracted many investors with the lure that it will fetch them more return in a short span. This indeed created many success stories that vouch for the manifold returns a real estate investment generates.

Looking at the statistics and data, clearly  the returns from real estate investment have always been uncertain. Like stocks, it depends largely on the economy and federal policies. It always had its slumps and soars. It has its own heartbreaking as well as record breaking moments.

Median Home Prices Index

The Median Home Prices are more relevant than the Mean Price, since they are not as heavily influenced by a small number of very highly priced homes. Probably, this is what makes real estate investments challenging and enticing at the same time. The median prices in major cities across US show up and down as a common phenomenon.

Interesting Median Price Facts

• The Median Point at which half of all the homes were sold for more and the other half for less, over the last month rose in the west and south, but fell in the north-east and mid-west of U S.
• The Median Price in the west of U S was down 4.1% over the previous year falling to $231,100 but was, however, up over October’s median price of $220,200.
• If you take the south, the median price rose to $151,400 in the month of November from $149,900 a month before. However, this price is still down 1.4 percent when compared with the last year.
• The mid-west of U S experienced only a nominal 0.4 percent yearly decrease in the median price, but it also fell to $140,800 in November from $144,700 just about a month before.
• The median price in the north-east, however, dropped to $223,400 from $235,200 in October, and amounting to a down of 13.1 percent when compared to the same time in the previous year.