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B U Y I N G A H O M E


A Home of Your Own: More Than an Investment


Fifty years ago, most people weren’t thinking about how much their homes might make them, or watching their housing equity like stock analysts on the case. Houses were places to live—to make their own, take pride in and raise families in— without the uncertainty and waste associated with renting. Owning a home was “The American Dream”—not


“The


American Investment.” While it’s still important to be money-savvy and make sure you’re getting a good deal on a home these days, there’s something to be said for the wisdom our parents and grandpar- ents brought to the home buying process of yore. If you’re planning on staying in your house for five years or more, those little fluctuations in the market are simply not going to matter. And wasting money on rent is definitely not going to make you any money.


In the meantime, you’re going to be living in a house that you can paint, landscape, decorate and enjoy however you’d like. No one can raise the rent on you unex- pectedly, or sell your place from under you without much notice. No more neighbors clip-clopping above your head when you’re trying to sleep or suffering from leaky faucets your landlords haven’t gotten around to fixing. And for the move-up buyers, you can kiss those frus- trating lack-of-space moments goodbye. Take your clothes out of the oven and get ready for brand new, bigger digs!


Something for Everyone


Whether for emotional or financial reasons, now is a great time to claim your piece of the pie in the Seattle area real estate market. With both new and resale homes available in virtually every archi- tectural style, there’s something for just


Lakeside living in Sammamish


about everyone. So whether downtown loft living fits your lifestyle or a mid- century ranch house is your bag, it’s time to find the home you’ve been dreaming about, take advantage of builder incen- tives and tax breaks and lock in to low interest rates while they’re still here.


About The Author


Cedar Burnett is the Communications Manager for the Master Builders Association, the local home builders association which is committed to community involvement


and


environmental stewardship. Visit their website at www.masterbuildersinfo.com.


COMPARISON OF MEDIAN SALES PRICE OF EXISTING SINGLE FAMILY HOMES


Selected Metropolitan Areas Metropolitan Area Median Sales Price


United States (all metro areas) .................................................................$174,100 Honolulu.................................................................................................$569,500 San Francisco Bay ....................................................................................$472,900 New York/New Jersey/Long Island...........................................................$379,800 San Diego ................................................................................................$347,100 Boston/Cambridge...................................................................................$336,100 Seattle/Tacoma/Bellevue ..........................................................................$328,400 Los Angeles Area......................................................................................$311,100 Portland, OR...........................................................................................$246,200 Denver/Aurora.........................................................................................$223,700 Salt Lake City ..........................................................................................$216,500 Austin/Round Rock, Texas.......................................................................$194,000 Minneapolis/St. Paul................................................................................$184,500 Tucson.....................................................................................................$174,100 Kansas City, MO.....................................................................................$144,100 Atlanta.....................................................................................................$121,400


(2nd quarter, 2009 Preliminary, National Association of REALTORS® ) 2010 Greater Seattle InfoGuide 19


Photo courtesy of the City of Sammamish


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