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Wednesday, January 16, 2008

Over time, real estate earns 6% per year.

Over the past 30 years, the median price of existing homes has increased an average of more than 6 percent every year, and home values nearly double every 10 years.

Sensationalized headlines and stories about mortgage fraud, foreclosures and crashing markets have far overshadowed the good news. What is that good news? Simply this:

That owning a home is one of the most reliable ways to build wealth for most people.

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