Falling home prices have lead buyers thinking they can hold on to a home for a couple of years and turn out to make a profit when they sell again.
In most US cities your better off buying a home now than waiting to find rock bottom, you won't know until the money already on the uprise and then it's too late. Just remember its a HOME not a get rich quick scheme. Homes should be looked at like a long term investment most times not just a day trade.
| How much equity you'd have by 2012 if you bought a low-priced home | |||
| Metro area 6% loan 7% loan 8% loan | 6% loan | 7% loan | 8% loan |
| McAllen-Edinburg-Mission, Texas | $90,437 | $89,871 | $89,381 |
| Akron, Ohio | $54,594 | $53,410 | $52,387 |
| Youngstown-Warren, Ohio-Boardman, Pa. | $54,014 | $53,176 | $52,450 |
| Dayton, Ohio | $51,393 | $50,327 | $49,405 |
| Indianapolis-Carmel, Ind. | $49,520 | $48,330 | $47,300 |
| Cleveland-Elyria-Mentor, Ohio | $45,251 | $44,025 | $42,964 |
| Grand Rapids-Wyoming, Mich. | $44,484 | $43,304 | $42,282 |
| Toledo, Ohio | $44,009 | $42,928 | $41,992 |
| Cincinnati-Middletown, Ind.-Kentucky | $40,454 | $39,184 | $38,086 |
| Louisville-Jefferson County, Ky.-Indiana | $33,003 | $31,809 | $30,775 |
| St. Louis -Illinois | $32,933 | $31,630 | $30,503 |
| Columbus, Ohio | $28,982 | $27,628 | $26,457 |
| Nashville-Davidson-Murfreesboro-Franklin, Tenn. | $26,567 | $25,181 | $23,982 |
| Knoxville, Tenn. | $24,862 | $23,663 | $22,625 |
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